Behavioral economists have discovered that
A) transitivity of preferences always holds, even in animals.
B) the law of demand does not hold in controlled experiments.
C) transitivity of preferences does not always hold, especially for young people.
D) reflexivity of preferences is not true.
C
Economics
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According to the quantity theory, in the long run, an increase in the growth rate of ________ leads to an increase in the ________
A) real GDP; inflation rate B) the quantity of money; growth rate of real GDP C) the quantity of money; inflation rate D) real GDP; growth rate of velocity
Economics
In a given year, U.S. nominal GDP was $2,784 billion and the GDP chain price index for that year is 60.4 . Real GDP is:
a. $1,682 billion. b. $4,609 billion. c. $3,889 billion. d. $4,000 billion.
Economics