If American college students decide that drinking Mexican-brewed beer helps one get noticed, net exports will tend to fall, causing aggregate demand to ________ and the ________ curve to shift to the left, everything else held constant
A) fall; LM
B) fall; IS
C) rise; LM
D) rise; IS
B
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Explain how the nominal wage rate is converted into the real wage rate. Explain why this process of conversion changes the nominal wage rate into the real wage rate
What will be an ideal response?
Refer to Scenario 2. What is the estimated regression equation for determining the market value of houses?
What will be an ideal response?
When measuring the substitution effect, one uses the change along
A) the old indifference curve. B) the new indifference curve. C) either the old or the new indifference curve. D) the budget constraint.
The dopamine learning system generates gut feelings that are useful in assessing the benefits and costs of actions. The expression of these gut feelings occurs:
A. after marginal thought. B. instantaneously. C. after careful thought. D. after conscious weight is given to the perceived benefit and cost of the product.