Which of the following statements is true?
A. The multiplier effects for policy changes that are perceived to be temporary are the same as those for policy changes that are perceived to be permanent.
B. The multiplier effects for policy changes that are perceived to be temporary are smaller than those for policy changes that are perceived to be permanent.
C. The multiplier effects for policy changes that are perceived to be temporary are larger than those for policy changes that are perceived to be permanent.
D. There is no relationship between the size of the multiplier effect and whether policy changes are perceived to be temporary or permanent.
Answer: B
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According to the “law” of demand, we would expect
A. the demand curve to be negatively sloped. B. the demand curve to be positively sloped. C. the total quantity demanded by the market to move in the same direction as price. D. marginal utility to increase as quantity demanded increases.
Compare a football quarterback’s daily and yearly completed pass percentage to a business’s marginal and average product.
What will be an ideal response?
The money growth rate and the inflation rate
A) are negatively correlated. B) are positively correlated, but the relationship is noisy. C) are positively correlated, and the relationship is tight. D) are uncorrelated.
The option-value principle can be roughly stated as "more choices can't make a person worse off.". Are there any exceptions to this rule? Choose all that apply. a. No
b. Yes, in strategic situations. c. Yes, in situations involving self-control. d. Yes, for certain complicated financial derivatives.