If you believe that expectations react slowly, you are likely:
a. a believer in rational expectations
b. a Keynesian
c. a theoretical economist
d. None of these.
b
Economics
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What is one reason the eBay seller reputation system is important?
A) eBay transactions tend to be isolated, one-off transactions. B) eBay transactions tend to be repeat sales between the same seller and buyers. C) eBay transactions often involve stolen products. D) eBay transactions require a larger percentage than, say, Amazon transactions.
Economics
What is the difference between total cost and variable cost in the long run?
What will be an ideal response?
Economics