Political candidates tend to identify themselves as being "middle-of-the-roaders", while they tend to label their opponents as a member of the political fringe
Indicate whether the statement is true or false
True
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If you overhear a group of people talking about their plans to save for their retirement and one of them says that it causes them to save less and the other says they will save more, you would conclude
A. that both are rational, they just have different perspectives. B. the person decreasing saving is rational and the other is irrational. C. the person increasing saving is rational and the other is irrational. D. neither are rational, Social Security affects no one's saving.
According to the kinked demand curve model, if there is a modest increase in a firm's variable production costs, what is likely to happen to the firm's profit-maximizing level of output and the amount of profit earned by the firm? Why?
What will be an ideal response?
Costs associated with economic growth include all of the following EXCEPT
A) environmental pollution. B) psychological problems such as depression. C) urban congestion. D) improved health care.
Equal increases in government purchases and taxes will:
A. increase the equilibrium GDP and the size of that increase varies directly with the size of the MPC. B. increase the equilibrium GDP and the size of that increase is independent of the size of the MPC. C. increase the equilibrium GDP and the size of that increase varies inversely with the size of the MPC. D. decrease the equilibrium GDP and the size of that decrease is independent of the size of