According to supply-side theory, which of the following would shift the aggregate supply curve leftward?
A. Lower marginal tax rates.
B. Government deregulation.
C. A higher minimum wage.
D. Elimination of structural bottlenecks.
Answer: C
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Lily wants to invest in the stock market. She notices that the share price for Great Flowers Inc. has been rising for weeks. She chooses to invest in Great Flowers Inc. because she assumes it will continue to rise purely because of the run it has been on. Lily suffers from:
A. the hot-hand fallacy. B. the gambler's fallacy. C. a present bias. D. the sunk cost fallacy.
According to the Monetarists, the primary cause of inflation is:
a. large budget deficits. b. high taxes. c. rapid expansion of the money supply. d. government expenditures that are large relative to the size of the economy.
Southwest monitors competition closely and it still has the lowest price in any given market about ___% of the time.
Fill in the blank(s) with the appropriate word(s).
The ability of diversification to reduce risk
A) is greater the more negatively correlated the two events are. B) is greater the more positively correlated the two events are. C) is greater the more uncorrelated the two events are. D) is greater the more risk averse the individual is.