When the Fed increases the money supply, interest rates:

a. rise.
b. fall.
c. are unaffected.
d. rise and then fall.
e. fall and then rise.

b

Economics

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What does it mean when a person is underemployed?

What will be an ideal response?

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Jessica’s workplace is collecting money for a lottery pool. Each employee can choose to contribute $50, with a 1 in 600,000 chance of winning $1 million. If Jessica chooses not to contribute to the lottery pool, she is probably experiencing:

A. positive framing. B. the endowment effect. C. loss aversion. D. status quo bias.

Economics