The view that expectations change relatively slowly over time in response to new information is known in economics as
A) rational expectations.
B) irrational expectations.
C) slow-response expectations.
D) adaptive expectations.
D
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The marginal tax rate is
A) the amount of taxes paid as a percentage of gross domestic product (GDP). B) the amount of per-capita taxes paid. C) the amount of taxes paid as a percentage of income. D) the fraction of each additional dollar of income that must be paid in taxes.
Which of the following is not considered a major player in the financial system?
A. Banks B. Savers C. Businesses D. Labor unions.
The Green Chemistry Program
a. calls for participants in the product cycle to reduce life cycle environmental effects of products b. is synonymous with product stewardship c. involves only participants from the scientific community d. involves partnerships with many sectors, including academia, industry, research centers, and others
A "decrease in the quantity supplied" suggests a:
a. Movement up along the supply curve b. Movement down along the supply curve c. Leftward shift of the supply curve d. Rightward shift of the supply curve