If people were perfectly rational, they would:
A. only care about real prices.
B. only care about nominal prices.
C. care about both real and nominal prices.
D. not care about prices at all.
Ans: A. only care about real prices.
Economics
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Tax cuts on business income ________ aggregate demand
A) would increase B) would not change C) may increase or decrease D) would decrease
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In national income accounting, (S + T) is
A) the portion of total income not consumed. B) net national product. C) the methods of financing the government deficit. D) the final output firms absorb as investment.
Economics