In the real world, the actual multiplier is ____ the simplified multiplier
a. much larger than
b. slightly larger than
c. equal to
d. slightly smaller than
e. much smaller than
e
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Giving poor people food instead of cash for food
A. is an in-kind transfer. B. will benefit some more than others, depending on their utility function. C. is politically popular. D. all of these answer options are correct.
Building a good reputation:
A. is a form of signaling. B. is a form of statistical discrimination. C. is a form of screening. D. None of these statements is true.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
Consider two lottery winners, Tino who is 65 years old and Sasha who is 32 years old. Which of these two would be expected to have the larger income effect, all else equal?
A) Sasha B) Tino C) Both would have no income effect. D) Both would have equal income effects.