Question
In a survey probing why people “dislike” this phenomenon, Robert Shiller observed the belief that it “enables people to play tricks on me.” For 10 points each:
[10m] Name this phenomenon that influences the “shoe-leather” and “menu” costs.
ANSWER: inflation [or inflation rate; accept “Why Do People Dislike Inflation?”]
[10e] Shiller reports that people dislike inflation because it can decrease the viability of this milestone purchase, for which he and Karl Case name a price index. Individuals can finance the purchase of this asset with a mortgage.
ANSWER: house [or home; accept Case–Shiller Home Price Indices]
[10h] Shiller warned of the impending collapse of the housing market in the second edition of Irrational Exuberance, which takes its name from a phrase used by this person during the dot-com bubble.
ANSWER: Alan Greenspan
<GP, Social Science>
Summary
| 2023 ARCADIA at Duke | Emory, Duke, Yale | Y | 3 | 13.33 | 100% | 0% | 33% |
| 2023 ARCADIA at Emory | Emory, Duke, Yale | Y | 4 | 15.00 | 100% | 25% | 25% |
| 2023 ARCADIA at Imperial | Imperial | Y | 5 | 20.00 | 100% | 60% | 40% |
| 2023 ARCADIA at Maryland | Maryland, Online | Y | 3 | 13.33 | 100% | 0% | 33% |
| 2023 ARCADIA at Ohio State | Ohio State, Texas | Y | 3 | 20.00 | 100% | 67% | 33% |
| 2023 ARCADIA Online | Maryland, Online | Y | 3 | 13.33 | 100% | 33% | 0% |
| 2023 ARCADIA at Texas | Ohio State, Texas | Y | 3 | 16.67 | 100% | 33% | 33% |
Data
| Birmingham | Bristol | 10 | 10 | 0 | 20 |
| Cambridge A | Durham | 10 | 10 | 10 | 30 |
| Cambridge B | Warwick | 0 | 10 | 0 | 10 |
| Imperial A | Oxford | 0 | 10 | 0 | 10 |
| Imperial B | Edinburgh | 10 | 10 | 10 | 30 |