What is behavioral economics?
What will be an ideal response?
Behavioral economics is a branch of economics that uses the insights of psychology and economics to investigate decision making.
Economics
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An increase in market demand for a product in a competitive market will raise profits for firms currently in the market
a. true b. false
Economics
Which of the following will occur because of a rightward shift of the Phillips curve?
A. A trade-off between unemployment and inflation. B. A decrease in both unemployment and inflation. C. Stagflation. D. A rightward shift of aggregate demand.
Economics