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 in the midst of the dot-com bubble.
ANSWER: Alan Greenspan
<GP, Social Science>
Summary
| 2023 ARCADIA at UC Berkeley | Premiere | Y | 1 | 20.00 | 100% | 100% | 0% |
| 2023 ARCADIA at Carleton University | Premiere | Y | 3 | 10.00 | 67% | 33% | 0% |
| 2023 ARCADIA at RIT | Premiere | Y | 1 | 10.00 | 100% | 0% | 0% |
| 2023 ARCADIA at WUSTL | Premiere | Y | 3 | 13.33 | 100% | 33% | 0% |
Data
| Cornell MATLAB | Cornell R | 0 | 10 | 0 | 10 |