The quoted in the textbook study of consumer behavior at Starbucks company stores demonstrated that including calorie count on menus had no impact on consumer behavior

Which one of the following is/are INCORRECT? An argument against floating exchange rates is that

A) a fixed rate automatically prevents instability in the domestic money market from affecting the economy if shocks come from home domestic money market. B) a fixed rate might become unpredictable, complicating economic planning. C) a rise in money demand under a fixed exchange rate would have no effect on the exchange rate and output. D) a fixed rate functions within the price-specie-flow mechanism and maintains a balance of payments equilibrium. E) a fixed rate automatically prevents instability in the economy from output market shocks.

Which of the following is the best definition of economics?

a. An investigation of the quantities and prices of the various goods produced by the nations of the world. b. A study of why inflation and unemployment periodically plague the U.S. economy. c. An analysis of how individuals and societies deal with the problem of scarcity. d. An examination of the role that money plays in the economy. e. A study of how goods and services are distributed throughout the world.