Acme Inc found a tricky way to conform to the letter of the law with respect to new EPA regulations, even though they violated the spirit of the law. This is called
A) the capture theory.
B) collusive response.
C) share-the-gains, share-the-pains theory.
D) creative response.
Answer: D
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The interest rate which the Fed charges banks that borrow reserves from it is the:
a. federal funds rate. b. discount rate. c. reserved rate. d. investment rate. e. check rate
If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to a sagging stock market, then:
a. Price index rises, and real GDP rises. b. Price index rises, and real GDP falls. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. Price index falls, and the change in real GDP is uncertain.
If a determinant of demand other than price changes, the demand curve shifts
a. True b. False Indicate whether the statement is true or false
The Cost-Benefit Principle:
A. describes how people behave once they have enough education. B. provides an abstract model of how people should choose between alternatives. C. provides little insight into how people actually chose between alternatives. D. fully captures how people choose between alternatives.