Many firms offer substantial rebates by mail or coupons for discounts at the point of sale. The people who use the rebates or coupons have ________ than the people who don't use them.
A. lesser price sensitivity
B. greater price sensitivity
C. the same price sensitivity
D. inverted price sensitivity
Answer: B
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If all players in a game have a dominant strategy, then there can only be one pure strategy Nash equilibrium to the game.
Answer the following statement true (T) or false (F)
As part of the "wealth channel of monetary policy," a lower money supply __________ interest rates and thus __________ bond prices
A) raises; raises B) raises; lowers C) lowers; raises D) lowers; lowers
When the APS is negative
A. the APC is less than one. B. the APC is equal to one. C. the APC is greater than one. D. the APC may be less than one, one or greater than one.
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.