Which of the following would not be hurt by unanticipated inflation?
A. Those living on fixed nominal incomes
B. Those who find inflation rising more rapidly than their nominal incomes
C. Those who have money savings
D. Those who became debtors when inflation was lower
D. Those who became debtors when inflation was lower
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Refer to Figure 15-4. What is the amount of the monopoly's profit?
A) $2,700 B) $4,200 C) $10,400 D) $12,600
The Fed conducts open market operations with the primary goal of
A) affecting the federal funds rate. B) affecting the discount rate. C) stabilizing the foreign-exchange market. D) adjusting reserve requirements.
In economics, satiation means
A. that quantity demanded and quantity supplied rises. B. that the market price has been attained. C. eventually the marginal value of the good consumed decreases. D. eventually the marginal value of the good consumed increases.
Why, according to behavioral economics, would supermarkets place gum, candy, and other small convenience items near the cash registers?
A. Those are the shelving locations that minimize costs. B. Stores try to make frequently purchased items quicker and easier for consumers to access. C. Smaller items tend to fall through shopping cart holes, so stores reduce that problem for consumers by having smaller items at the checkout stands. D. Many of these are small items that people will buy on an impulse.