Evidence from experiments in which real people play the ultimatum game supports the idea that people care about fairness as well as about maximization of their personal wealth
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
________ is the first step in the planning process according to a Model (diagram) in the book
a. Implementing b. Gathering and analyzing information c. Awareness d. Evaluation
Fiscal policy: a. uses the federal government's powers of spending and taxation to affect employment, the price level, and GDP. b. uses the federal government's control over the money supply and interest rates to affect employment, the price level, and GDP. c. can affect employment and prices, but not the level of GDP
d. can affect employment and the level of GDP, but not the price level. e. is most effective when employed by state governments rather than by the federal government.
The Securities and Exchange Commission (SEC) oversees the regulation of the securities market
a. True b. False Indicate whether the statement is true or false