According to the Application
A) stable marriages account for no more happiness than marriages ending in divorce.
B) reported levels of happiness in the United States have increased over the past 30 years.
C) money does appear to buy happiness, ceteris paribus.
D) retired people report higher levels of happiness than people below the age of 40.
C
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There is an inverse relationship between the quantity of money demanded and the interest rate. True or False
A(n) _____ or a spending plan or guide can be helpful by providing a visible means of controlling money
a. Annuity b. Budget c. Net worth statement d. Money calendar
Economists of the rational expectations school: a. have no confidence in the ability of workers and firms to observe and react to economic events
b. believe workers and firms behave the same regardless of what the Fed does. c. have great faith in the ability of monetary policy makers to maintain a full employment economy with stable prices. d. believe that effective monetary policy can shift the potential level of output to the right. e. believe workers and firms make decisions based on what they think monetary policy will be in the future.
Normal goods have negative income elasticities of demand, while inferior goods have positive income elasticities of demand
a. True b. False Indicate whether the statement is true or false