According to the rational expectations theory, people's predictions about the future course of governmental economic policy influence the position of the short-run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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You are the brand manager of Crest toothpaste and you observe that when you increase the price of Crest, your total revenue increases. How is that possible?
What will be an ideal response?
Refer to the scenario above. Jack will derive ________ units of utility if Jill tries to move the tree while he does not try at all
A) 5 B) -5 C) -2 D) 10
Fred recently lost his job as a teller at the bank. The bank explained that they were replacing Frank and others with ATM machines. Fred falls into a category of unemployment known as
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.
If the cost of acquiring more information outweighs the benefit of having more information about a good, then we can predict:
A. the exchange will take place, but will be regretted in the future. B. the exchange will definitely not take place. C. the exchange may take place anyway. D. the exchange will not benefit anyone.