Behavioral economists and traditional economists both believe that everything matters.
Answer the following statement true (T) or false (F)
True
Both behavioral economists and traditional economists believe that everything matters. The difference is in the way they model "everything."
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Product differentiation
A) is possibly welfare enhancing if new products match consumer preferences better. B) is welfare reducing even if new products match consumer preferences better. C) is welfare enhancing even if new products do not match consumer preferences better. D) is welfare reducing even if new products do not match consumer preferences better.
If you borrow money at a nominal interest rate of 5 percent and the inflation rate is 10 percent, what real interest rate will you pay?
a. -5 percent b. 0.5 percent c. 2 percent d. 5 percent e. 10 percent