An increase in productivity in the agricultural sector in conjunction with an income inelastic demand for farm products
A) causes prices to fall.
B) causes prices to rise.
C) causes prices to remain constant.
D) may cause prices to rise, fall, or remain the same, depending upon the relative shifts in the supply and demand curves.
D
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Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. M2 money multiplier to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to rise.
Judgmental and decision heuristics are:
A. rules of thumb that reduce computation costs. B. a way of calculating computation costs. C. derived from the rational choice model but imply higher computation costs. D. used to test the rational choice model when computation costs are small.