If inflation increases unexpectedly, then
A) lenders receive a lower real interest rate than they expected.
B) neither borrowers nor lenders lose.
C) borrowers pay a higher real interest rate than they expected.
D) lenders gain and borrowers gain.
A
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Suppose Sam plans to buy only popcorn and soda. He has $40 to spend per week. A change in which of the following variables will change Sam's consumption possibilities? I. price of popcorn II. income III. preferences IV. utility
A) II only B) I and II C) I, II and III D) III and IV
When the method used to collect a sample biases any conclusions that might be drawn from it, the sample is said to have a selection bias
Indicate whether the statement is true or false
A good is inferior if which of the following is true?
What will be an ideal response?
Refer to the information provided in Table 6.1 below to answer the question(s) that follow. Table 6.1Number of Hamburgers per DayTotal UtilityMarginal Utility130?252?367?476?5?4Number ofSodas per DayTotal UtilityMarginal Utility120?235?347?457?5?7Refer to Table 6.1. The marginal utility of the second hamburger per day is
A. 10. B. 15. C. 22. D. 52.