The results of a survey conducted by Dan Ariely and Michael Norton found that Americans
A) have a preference for much greater equality in wealth distribution than currently exists.
B) have a preference for much less equality in wealth distribution than currently exists.
C) have a preference for roughly the amount equality in wealth distribution that currently exists.
D) show absolutely no preference for the amount of equality in wealth distribution in the nation.
A
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Which of the following episodes would most likely contain an externality?
A) You cannot afford to buy groceries. B) You decide to grow your own vegetables in your backyard where no one else can see them. C) You decide to grow flowers in your front yard where everyone else can see them. D) You eat all the vegetables you grow yourself.
According to the Lucas supply function, if the expected price level is larger than the actual price level
A. real output increases. B. real output decreases. C. nominal output decreases. D. nominal output increases.