A large blast furnace is an example of an indivisible input that cannot be scaled down to reduce output.
Answer the following statement true (T) or false (F)
True
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Which of the following would NOT cause the demand curve for bonds to shift?
A) a change in wealth B) a change in the price of bonds C) a change in the liquidity of bonds D) a change in expected inflation
Unemployment rates in what period were rather low by historical standards?
a. Unemployment rates in the late 1980s and into the mid-2000s were rather low by historical standards. b. Unemployment rates in the late 1990s and into the mid-2000s were rather low by historical standards. c. Unemployment rates in the late 1970s and into the mid-1980s were rather low by historical standards. d. Unemployment rates in the late 1980s and into the mid-1990s were rather low by historical standards.
If an economist believes that choice architecture is important, he or she is more likely to be a:
A. Keynesian economist. B. traditional economist. C. formal economist. D. behavioral economist.
Give two reasons why GDP does not reflect total production in an economy
What will be an ideal response?