Beth really wants to get in shape, but just can't seem to ever get herself to the gym. An example of a commitment device Beth could use would be:
A. to spend time before going to the gym doing something she really enjoys doing, like seeing a movie.
B. to allow herself one dessert for each visit to the gym.
C. to make arrangements to meet with an exercise buddy every day at the gym to work out together.
D. None of these is a commitment device.
C. to make arrangements to meet with an exercise buddy every day at the gym to work out together.
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Both the ________ do not put a great deal of emphasis on the capital account
A) absorption and monetary approaches B) monetary and elasticities approaches C) elasticities and absorption approaches D) None of the above
A primary problem for Brazil from 1980 to 1995 was inflation
Indicate whether the statement is true or false
The "lemons problem" is overcome in the used car market by
A) strict government regulation of private deals between individual buyers and sellers of used cars. B) most used cars selling for well below their true values. C) "lemon insurance" policies being offered by insurance companies. D) the existence of used car dealers who are concerned about maintaining their reputations.