The term "satisficing" for decision-making behavior by many firms was coined by
a. Milton Friedman.
b. Adam Smith.
c. Herbert Simon.
d. Alan Greenspan.
c
Economics
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The horizontal axis for an aggregate demand curve measures
A) output of all goods and services measured as a quantity index. B) real Gross Domestic Product (GDP). C) quantity demanded of the representative good. D) disposable personal income.
Economics
Which of the following would NOT provide an incentive to reduce the amount of beef consumed?
A) an increase in the price of beef B) a subsidy to buyers of beef C) a decrease in the price of chicken D) a ban on beef sales by the Food and Drug Administration
Economics