Behavioral economics attempts to make better predictions about human behavior by combining insights from the following fields, except:
A. Economics
B. Biology
C. Physics
D. Psychology
C. Physics
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In a business cycle recession, which of the following occurs?
A) The quantity of investment demanded increases and there is a movement down along the demand for loanable funds curve but no shift in the curve. B) Investment demand increases and the demand for loanable funds curve shifts rightward. C) Investment demand decreases and the demand for loanable funds curve shifts leftward. D) The quantity of investment demanded decreases and there is a rightward shift of the demand for loanable funds curve. E) The quantity of investment demanded decreases increases and there is a movement up along the demand for loanable funds curve but no shift in the curve.
If aggregate expenditure is greater than GDP, how will the economy reach macroeconomic equilibrium?
A) Inventories will rise, and GDP and employment will rise. B) Inventories will decline, and GDP and employment will rise. C) Inventories will rise, and GDP and employment will decline. D) Inventories will decline, and GDP and employment will decline.
Refer to Figure 18-1. Of the tax revenue collected by the government, the portion borne by producers is represented by the area
A) F + G. B) B + C. C) E + H. D) B + C + F + G.
A sudden appreciation in the exchange rate of a country deteriorates the terms of trade of the country
a. True b. False Indicate whether the statement is true or false