The rule of rational choice holds that people will alter their behavior if ______.
a. expected marginal benefits outweigh expected marginal costs
b. they can afford both the money costs and the non-money costs
c. comparative advantages are greater than absolute advantages
d. changes to their course of action are slow and incremental
a. expected marginal benefits outweigh expected marginal costs
Economics
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Higher inflation and interest rates led to ___________
Fill in the blank(s) with the appropriate word(s).
Economics
A period in which real GDP in the economy declines for at least six months is referred to as
A) a recession. B) living standards. C) long term growth. D) a positive fluctuation.
Economics