Social media, such as the online social networking portal Meetup, have increased the likelihood of people forming social tribes by reducing the transaction costs associated with forming such groups.
Answer the following statement true (T) or false (F)
True
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People tend to hold less money as
A. credit availability rises. B. the average price level falls. C. incomes fall. D. All of the choices are correct.
Keynesians are most likely to:
A. include discouraged workers in their calculation of the unemployment rate. B. believe actual unemployment equals target unemployment. C. believe unemployment is not a problem. D. exclude discouraged workers in their calculation of the unemployment rate.
A country that exports more than it imports will:
A. have a current account deficit and a capital account surplus. B. have a current account deficit and a capital account deficit. C. have a current account surplus and a capital account deficit. D. have a current account surplus and a capital account surplus.
The perfectly competitive seller's short-run supply curve is
A. its marginal revenue curve. B. the part of its marginal cost curve above the average variable cost curve. C. its entire marginal cost curve. D. the part of its marginal cost curve above the average total cost curve.