What is the meaning of "a defective telescopic faculty," as described by A.C. Pigou?
a. Persons are unable to plan rationally for consumption.
b. Persons zero in on something and cannot consider alternatives.
c. Persons seek long-term goals and ignore present problems.
d. Persons are unable to give adequate weight to the future.
d
Economics
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A monopolistically competitive firm has ________ power to set the price of its product because ________
A) no; there are no barriers to entry B) some; there are barriers to entry C) no; of product differentiation D) some; of product differentiation
Economics
How are the nominal and real demands for money related to changes in the price level?
What will be an ideal response?
Economics