Informing people of social norms is likely to get:
A. more people to act that way, which is always positive.
B. more people to act that way, which can be a problem if policymakers are trying to change typical behavior.
C. more people to act that way, which is always negative.
D. less people to act that way, because people like to be unique.
B. more people to act that way, which can be a problem if policymakers are trying to change typical behavior.
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If the demand for a good is increasing while the supply curve remains unchanged, then we will observe
A) more purchases at a higher price. B) more purchases at a lower price. C) fewer purchases at a higher price. D) fewer purchases at a lower price.
Last year, the unemployment rate was 4 percent and the inflation rate was 3 percent. If the natural rate of unemployment is 3 percent, how do you expect inflation to change?
What will be an ideal response?