A major capital purchase is any purchase that you can’t afford to pay for in full with monthly cash flow.
Indicate whether the statement is true or false
Answer: True
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Discuss what happens to the monetary policy reaction curve if the Fed were to lower their inflation target and why?
What will be an ideal response?
If elasticity of demand is 0.2, elasticity of supply is 0.5, and a 10 percent excise tax is levied on the good:
A. the tax burden on consumers will be greater. B. the tax burden on suppliers will be greater. C. the tax burden will be the same for both. D. one cannot say who will bear the greater burden without knowing the tax.
The capabilities approach allows us to focus on issues of:
A. income, poverty, and economic growth. B. poverty, inequality, and human development. C. human development, capital development, and technological progress. D. personal happiness, individual pleasure, and pain avoidance.
Technological change is a key force in shaping today's economy.
Answer the following statement true (T) or false (F)