Behavioral assumptions
a. make economic models more complex than if these assumptions were removed
b. pertain only to consumers
c. hold all other things constant
d. are ways to test a hypothesis
e. describe how individuals are expected to behave
E
Economics
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Suppose the yield curve is downward sloping. How should one interpret this particular yield curve?
What will be an ideal response?
Economics
The issue of fairness versus efficiency arises
a. only in a command economy. b. only in a market economy. c. in neither a command nor a market economy. d. in both a command and a market economy.
Economics