Once people hear what the majority of individuals like them are doing, they are most likely going to choose:
A. something better, because they typically want to be special.
B. something slightly worse, because they don't want to be taken advantage of.
C. the same, because they typically don't like to be outliers.
D. None of these is likely.
C. the same, because they typically don't like to be outliers.
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Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
In Exhibit 10-5, at what wage rate will the firms stop hiring these workers?
A. $25.00. B. $20.00. C. $15.00. D. $10.00.
Marginal utility is the
A) total satisfaction received from consuming a given number of units of a product. B) average satisfaction received from consuming a product. C) extra satisfaction received from consuming one more unit of a product. D) satisfaction achieved when a consumer has had enough of a product.
Monetarist economists might conclude that the accelerator hypothesis supports their position via fiscal policy since
A) the gap between the desired capital stock and the existing capital stocks is closed slowly. B) a change in expected sales will not increase output. C) V? will be smaller than expected. D) All of the above are correct.