Answer the following appropriately

What are the main differences between traditional economics and behavioral economics? Traditional economics is mainly theoretical. Cl Behavioral economics does not take as a given that decision makers are rational. 0 Traditional economics assumes that decision makers are fully' informed. Identify the population being studied and the sample chosen. The midterm exam scores of 5 out of the 22 students in your economics class. Answer Population: All students taking an economics class. "Sample: 5 out of the 22 students in your economics class, Population: All students in your economics class.Question 31 4 pts Which economic perspective is MOST associated with tax cuts and the "Laffer Curve?" O Austrian Economics O Supply Side Economics O Monetarist Economics O Keynesian economics Question 32 4 pts Which kind of economic policy focuses on the role of central banks/ Federal Reserve actions in maintaining a healthy economy? O Social policy Egalitarian policy O Fiscal policy Monetary policy