Which of the following is a positive economic statement?
A. No individual should live in poverty.
B. Economic considerations are less relevant than ethical issues in deciding national policy.
C. The unemployment rate of males exceeds that of females.
D. Unemployment is a more serious societal problem than inflation.
Answer: C
Economics
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If the price level rises, what will happen to aggregate supply curve?
A. It will shift outward. B. It will shift inward. C. Nothing. D. It will get steeper. E. It will get flatter.
Economics
If a model assumes that people take into account other people's interests, it is probably a:
A. traditional model. B. natural model. C. heuristic model. D. behavioral model.
Economics