Suppose that Jack promises that if Jill chooses the high price, he will too. Jill has no incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)
False
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What is the difference, if any, between physical capital and financial capital?
What will be an ideal response?
The actual unemployment rate is equal to ________
A) the natural rate of unemployment plus the cyclical rate B) the natural rate of unemployment minus the cyclical rate C) the natural rate of unemployment times the cyclical rate D) the natural rate of unemployment divided by the cyclical rate
The pace of settlement of the Old Northwest (Ohio, Indiana, Illinois, ...) was determined primarily by the prices of
a. soybeans, sorghum, and potatoes. b. gold and silver. c. corn, hogs, and wheat. d. cattle, leather, and cheese.
The 45-degree line used in a consumption function represents:
a. the saving function. b. all points at which saving equals disposable income. c. all points at which consumption equals saving. d. all points at which all disposable income is consumed. e. the aggregate income of the economy.