An increase in the money supply
a. raises the interest rate, causing an increase in quantity demanded of investment and an increase in GDP
b. lowers the interest rate, causing an increase in quantity demanded of investment and an increase in GDP
c. raises the interest rate, causing a decrease in quantity demanded of investment and an increase in GDP
d. lowers the interest rate, causing a decrease in quantity demanded of investment and an increase in GDP
e. lowers the interest rate, causing a decrease in quantity demanded of investment and a decrease in GDP
B
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In anonymous surveys, on average people rate themselves as "above average" with regard to characteristics such as intelligence, perceptiveness, and driving ability. According to behavioral economics, this contradictory result would most likely be caused
by the: A. overconfidence effect. B. self-serving bias. C. confirmation bias. D. hindsight bias.
If health care spending is already on the flat of the curve, it may not be possible to improve health status by increasing spending. In this situation, the best way to improve health status may be to:
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