Which of the following statements is true?
A) Economics does not provide insights into human behavior.
B) Economic reasoning tends to reduce the quality of decision making.
C) Economics is concerned with money, not choices.
D) Economics can be used to predict people's actions.
D
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In the classical model, the supply-determined nature of output is illustrated by a(n)
a. horizontal aggregate supply curve. b. vertical aggregate supply curve. c. upward sloping aggregate supply curve. d. downward sloping aggregate supply curve.
Less than 1/3 of those age 85 or older are currently married
Indicate whether the statement is true or false
If the structural stagnation hypothesis is true, what happened to the economy in the early 2000s that made it prone to a financial crisis?
A. Too-expansionary supply-side policies B. Increased trade restrictions C. Too-expansionary demand-side policies D. Slowing technological advance
Points that lie outside (or beyond) the PPF are
What will be an ideal response?