Normative economics seeks to understand behavior, but not make judgments.
Answer the following statement true (T) or false (F)
False
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Refer to Figure 27-5. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, and no fiscal or monetary policy is pursued, then at point B
A) the economy is above full employment. B) firms are operating below capacity. C) there is pressure on wages and prices to rise. D) income and profits are rising. E) the unemployment rate is very low.
Suppose a bond has a coupon of $40, face value of $1000, and current price of $950. What is the coupon rate? What is its current yield? Report a percentage with two decimal places
What will be an ideal response?
The school of economic thought that emphasized the importance of incentives to encourage savings, investment, and productivity is known as ________ economics.
Fill in the blank(s) with the appropriate word(s).
During the last two or three decades, the educational and career choices of women have become
a. more like those of men, and the earnings of women have declined relative to those of men. b. more like those of men, and the earnings of women have increased relative to those of men. c. less like those of men, and the earnings of women have increased relative to those of men. d. less like those of men, and the earnings of women have declined relative to those of men.