According to behaviorial economists, traditional economic models assume all the following characteristics EXCEPT

As the economy nears the end of a recession, which of the following do we typically see?

A) increased spending on capital goods by firms B) further decreases in consumer spending C) increasing interest rates D) all of the above

The term "early adopters" refers to

A) consumers who respond quickly to fads, seasonal changes, etc. B) consumers who are willing to pay high prices to be among the first to own new products. C) firms that are the first to implement a new technology that is used to produce new goods or services. D) book clubs that are first to recommend best-selling books to their members.