There are two grocery stores in the new neighborhood that you have moved into. Because you did not know which store is better, you decided to go to the one that is relatively crowded. Your behavior is an example of ________

A) herding
B) anchoring
C) signaling
D) sniping

A

Economics

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In the extended classical model, an unexpected decrease in aggregate demand would cause unanticipated inflation to be ________ and cyclical unemployment to be ________

A) positive; negative B) positive; positive C) negative; negative D) negative; positive

Economics

In the current year, a nation's government spending equals $15 trillion and its revenues are $20 trillion. Which of the following is TRUE?

A) The nation's national debt equals $5 trillion. B) This nation has a current year budget surplus of $5 trillion. C) This nation is currently running a budget deficit of $5 trillion. D) The nation has a current year trade surplus of $5 trillion.

Economics