Think about each of the items in the list and explain how they affect incentives and might

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Think about each of the items in the list and explain how they affect incentives and might change the choices that people make:

  • A hurricane hits Central Florida.
  • The World Series begins tonight but a storm warning is in effect for the area around the stadium.
  • The price of a personal computer falls to $50.
  • Unrest in the Middle East sends the price of gas to $5 a gallon.
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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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