Suppose you own a small business and have been thinking about expanding production,
including hiring more workers. Until recently, interest rates at your bank have been too high for
you to obtain a loan. However, the central bank decides to expand the money supply, which
lowers interest rates to a level where you can take out a loan and expand production. Select the
ways in which your actions affect the macroeconomy.
Correct Answer(s)
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rec
The inflation rate goes down.
Investment increases.
Questior
Real GDP increases.
Aggregate demand increases.

Which of the following scenarios illustrates the error in thinking known as overconfidence? choose the correct answer from the following choices, and then select the submit answer button. over the years, about 45 percent of the students in dr. hunt's introductory psychology course have correctly predicted their major, but their confidence in this prediction has been about 75 percent on average. maria was afraid she would fail her introductory psychology midterm. when she got an a, she convinced herself that she had known all along she would do well on the exam. over the years, about 45 percent of the students in dr. hunt's introductory psychology course have correctly predicted their major, and their confidence in this prediction has also been about 45 percent on average. five students in dr. hunt's introductory psychology course were unwilling to predict major because they were afraid of making an incorrect prediction.

Using the factors of production to make one product always means that o .) a company may experience a shortage of materials o . )a nation can make more money o. ) it is possible to make too many of that product o. ) fewer resources are left to make something else

Which principle underlies the idea of limited govemment?