When would it be plausible to describe the demand for a product by drawing a straight line, Q = a - bP?
A. Only if no important factors other than price affect demand
B. In the vast majority of scenarios
C. Practically never
D. If we believe that factors other than price alone determine demand
A. Only if no important factors other than price affect demand
Economics
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Human capital is
a. a stock of equipment and structures. b. the result of investments workers make in themselves such as education. c. a difference in wages that arises to offset the nonmonetary characteristics of different jobs. d. a characteristic that affects a worker's self-esteem but not her wages.
Economics
The graph below shows what happens when the Fed implements:
A. quantitative easing. B. precommitment policies. C. operation twist. D. credit easing.
Economics