Sun's team is giving an important presentation on a new heart rate monitor. Pablo is energetic and charming but physically uncoordinated. Jisoo is an experienced yoga instructor who can lower or increase her heart rate by controlling her breath. Thorin is methodical, calm, and introverted. Sun has experience as a math tutor. What roles would be most appropriate?
Answer: Sun should explain any numerical information about the heart rate monitor. Jisoo should demonstrate how the heart rate monitor works.
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In the Keynesian model in the long run, a decrease in the money supply will cause ________ in the real interest rate and ________ in the price level
A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease
An improvement in school quality translates into an increase in which model parameter?
A) H B) z C) b D) 1-u
A competitive market is in long-run equilibrium. If demand increases, we can be certain that price will
a. rise in the short run. Some firms will enter the industry. Price will then rise to reach the new long-run equilibrium. b. rise in the short run. Some firms will enter the industry. Price will then fall to reach the new long-run equilibrium. c. fall in the short run. All, some, or no firms will shut down, and some of them will exit the industry. Price will then rise to reach the new long-run equilibrium. d. not rise in the short run because firms will enter to maintain the price.
Which of the following students would be most likely to drop out of college before completing their degree?
A) a junior secondary education major who has just read about the substantial improvement in the job opportunities available for teachers with a college degree B) a senior physics major with a solid B average C) an outstanding baseball player in his junior year that just received a $500,000 offer from a professional team D) a junior economics major who wants to attend law school