When the price of summer tank tops falls and you buy more of them because they are relatively less expensive, this is called

Everything else held constant, a decrease in net exports ________ aggregate ________

A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply

According to the bounded rationality hypothesis, an individual confronting a large number of complicated choices is most likely to respond by

A) using a simple rule of thumb to choose among a subset of easiest-to-evaluate options. B) using the ceteris paribus assumption to assist in simplifying and examining each of the possible options. C) utilizing readily available empirical evidence to assist in evaluating every option. D) assessing every available choice by developing sophisticated theories regarding each option.