As a result of the Fed's unconventional purchase of over $1 trillion of mortgage-backed securities in 2009, interest rates on both mortgage-backed securities and home mortgages increased

The approach to analyzing consumer behavior that asks consumers to rank and choose among different product attributes to reveal their relative valuation of different characteristics is called:

A) a direct consumer survey. B) contingent valuation. C) the hedonic estimation technique. D) conjoint analysis.

For computers and other business equipment, small changes in business earnings tend to generate relatively large short-run changes in the demand for this equipment

In the long run, the responsiveness of demand for business equipment with respect to income changes tends to be: A) even more responsive. B) less responsive. C) equally responsive. D) none of the above