"Buy now, pay later" or "try it before you buy it" are examples of
a. Loss aversion
b. Endowment effect
c. Confirmation bias
d. Anchoring bias
b
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In order to help the economy recover from a recession using fiscal policy, the government can ________ so that aggregate demand increases
A) cut taxes B) raise taxes C) cut government expenditure on goods and services D) raise interest rates E) decrease the quantity of money
Private goods are characterized by two important attributes. What are they?
a. marginality and depletability b. scalability and desirability c. repeatability and reliability d. depletability and excludability
Which of these groups is an external monitor in a publicly traded company?
A. Independent auditors B. Board of directors C. Top managers D. Shareholders
Kaitlin has $10,000 of savings that she may deposit with her local bank. Kaitlin wants to earn a real rate of return of at least 4 percent and she is expecting inflation to be exactly 3 percent. What is the lowest nominal interest rate that Kaitlin would be willing to accept from her local bank?
What will be an ideal response?