The downward-sloping supply curve and the upward-sloping demand curve intersects to yield the equilibrium nominal interest rate
Indicate whether the statement is true or false
false
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If official U.S. poverty statistics included in-kind transfer payments the:
a. poverty rate would be close to zero. b. poverty rate would be lower. c. government deficit would be lower. d. top 10 percent of those in the income distribution would be wealthier.
Amanda is from Vermont and visiting California for the first time. At home, Amanda always goes jogging early in the morning because it's hottest in the early afternoon. Not knowing what to expect of the weather in California, she decides to go jogging in the early morning during her visit. This decision is an example of:
A. loss aversion. B. status quo bias. C. a heuristic. D. positive framing.
In order to practice price discrimination successfully, a monopolist must ensure that there is no resale of the product
a. True b. False Indicate whether the statement is true or false
Changes in the expected future price level:
a. Shifts the short run aggregate supply curve upward b. Shift the long run aggregate supply curve to the right. c. Shift short run aggregate supply curves upward and long run aggregate supply curves to the right. d. Do none of the above