Transfer payments are income that is
a. earned but not received.
b. received but not spent.
c. spent but not earned.
d. received but not earned.
d
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Computer technology has enhanced a manager's ability to "know the customer."
Indicate whether the statement is true or false
Which of the following would happen if a law were passed imposing a price ceiling that holds the interest rate charged on credit cards at a rate below the prevailing market rate?
a. The quantity demanded of credit card debt will decrease from its original level. b. The quantity supplied of credit card debt will increase from the original level. c. The quantity demanded will exceed quantity supplied. d. The quantity demanded and supplied of credit card debt would not change.
Refer to the graph below. If the output level is Q1, then there are efficiency losses indicated by the area:
A. 0abe
B. bce
C. 0eQ1
D. ecf
How do economists with monetarist leaning explain the cause of the financial crisis that led to the severe recession of 2007–2008?
What will be an ideal response?