The population growth rate tends to be higher in developed countries than in developing countries
a. True
b. False
Indicate whether the statement is true or false
False
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An increase in aggregate demand is most likely to be caused by a(n) ________.
A. decrease in the tax rates on household income B. increase in real interest rates C. decrease in expected returns on investment D. decrease in government spending
When money supply __________, the real rate of interest __________
A) increases; falls B) increases; rises C) decreases; rises D) increases; remains unchanged
Refer to Table 1-2. Using marginal analysis, how many hours should Julius extend his shop's hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours
Prospect theory can explain why
A) people tend to gamble on long odds with small expected utility. B) people tend to sell their losing stocks and keep their winning stocks. C) people should only sell their losing stocks. D) people should never play the lottery.