Behavioral economics:
A. draws on insights from psychology to expand models of individual decision making.
B. draws on insights from business theory to expand models of household behavior.
C. draws on insights from anthropology to clarify models of individual decision making.
D. is the least disputed field of economics.
Answer: A
You might also like to view...
How does an increase in autonomous expenditure change real GDP in the short run? Does real GDP change by the same amount as the change in aggregate demand? Why or why not?
What will be an ideal response?
Potential GDP is the maximum output a firm is capable of producing
Indicate whether the statement is true or false
Average cost equals
A. change in total cost/change in quantity. B. total cost/quantity. C. total cost ? total variable cost. D. total cost ? total fixed cost.
An increase in the interest rate will cause
A) planned investment spending to increase. B) planned investment spending to decrease. C) the investment function to shift out. D) the investment function to shift in.