Which of the following would represent a systematic error?
A. Eddie regularly overspends, but friends and family bail him out so he always ends up with
what he wants.
B. Ellen paid good money for a used car that is in constant need of repair.
C. Sparky determines that he has to reduce donut consumption to lose weight but always
ends up eating the ones provided in the break room at work.
D. Clark makes regular math errors at work, sometimes coming out with figures too high,
other times too low.
Answer: C
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An increase in the expected rate of inflation will ________ the expected return on bonds relative to the that on ________ assets, everything else held constant
A) reduce; financial B) reduce; real C) raise; financial D) raise; real
If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is
A) in a recessionary gap. B) at Natural Real GDP. C) in an inflationary gap. D) at full-employment Real GDP.
One area of disagreement among economists is the impact that income tax cuts will have on a budget deficit. Explain in detail the reasoning of both sides of this argument
The central core of a virus particle consists of
A) a sheath. B) an envelope. C) flagella. D) nucleic acid. D. Structurally