Disinflation is a reduction in
a. the price level.
b. the inflation rate.
c. the consumer price index.
d. All of the above are correct.
b
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Explain the principal-agent relationshi
What will be an ideal response?
Everything else held constant, an increase in the liquidity of bonds results in a ________ in demand for bonds and the demand curve shifts to the ________
A) rise; right B) rise; left C) fall; right D) fall; left
The assumption of ceteris paribus holds well in the real world
a. True b. False Indicate whether the statement is true or false
Because information is costly to acquire,
a. people will rationally choose not to become fully informed when making decisions. b. people will generally choose to become as fully informed as possible when making decisions. c. people will generally choose to acquire no information that would be relevant to their decisions. d. none of the above are true.