Contractionary monetary policy shifts the reserve supply schedule inward
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A rational consumer maximizes utility by allocating time such that the expected net marginal utility of the last hour spent in leisure exceeds the expected net marginal utility of the last hour spent in market work
Indicate whether the statement is true or false
Economics
How do rational behavior and self-interest relate?
a. Self-interest rarely motivates people to use rational behavior to make decisions. b. Self-interest is rational when it is selfless, but not selfish. c. Self-interest usually motivates people to use rational behavior to make decisions. d. Self-interest is rational when it is selfish, but not when it is selfless.
Economics