Individuals who lease a new car
A) have a higher discount rate than those who buy.
B) have a lower discount rate than those who buy.
C) have the same discount rate as those who buy.
D) behave irrationally and are taken advantage of by car companies.
A
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Why is it unlikely that expansions could be explained by a decrease in labor demand in the classical model?
a. It would be hard to say why productivity decreases. b. Productivity increases are too fast and variable to explain expansions. c. Productivity tends to improve at a constant and steady rate. d. Only unexplained spending changes can lead to changes in output and employment, not the other way around. e. Productivity improvements are rather slow.
The Federal Trade Commission was established in 1914 to
A. investigate unfair competitive practices. B. regulate trade of public goods. C. promote competition in interstate commerce. D. prevent non-price competition.