Because of a late night out with friends, Ayana decided to sleep in rather than attend her 8 a.m. economics class. According to economic analysis, her choice was
a. irrational, because economic analysis suggests you should always attend classes that you have already paid for.
b. irrational, because oversleeping is not in Ayana's self-interest.
c. rational only if Ayana has not missed any other classes.
d. rational if Ayana values sleep more highly than the benefit she expects to receive from attending the class.
D
Economics
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The model of aggregate demand and aggregate supply explains the relationship between
a. the price and quantity of a particular good. b. unemployment and output. c. wages and employment. d. real GDP and the price level.
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