Some suggest that when economists claim to be thinking ________, they are ________.

A. positively; deluding themselves
B. negatively; deluding themselves
C. normatively; really thinking positively
D. normatively; deluding themselves

Answer: A

Economics

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According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. As long as counterfeit U.S. currency remains undetected and in circulation, an increase in the U.S

inflation rate would essentially A) decrease the real value of the counterfeit currency. B) increase the nominal value of the counterfeit currency. C) increase the real value of the counterfeit currency. D) decrease the nominal value of the counterfeit currency.

Economics

Interdependence in pricing may leading to

A) predatory pricing. B) price-fixing agreements. C) price bundling. D) shifts in elasticities.

Economics