In a liquidity trap, expansionary monetary policy has __________ effect on output, and expansionary fiscal policy has __________ effect on output
A) no; no
B) no; a strong
C) a strong; no
D) a strong; strong
B
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Futures and options contracts are examples of derivative securities.
Answer the following statement true (T) or false (F)
The GDP deflator is the ratio of
a. real GDP to nominal GDP multiplied by 100. b. real GDP to the inflation rate multiplied by 100. c. nominal GDP to real GDP multiplied by 100. d. nominal GDP to the inflation rate multiplied by 100.
The figure below presents information for a one-shot game.Firm AFirm B??Low PriceHigh Price?Low Price(2,2)(10,-8)?High Price(-8,10)(6,6)If this one-shot game is repeated 100 times, the Nash equilibrium payoffs of the players will be ________ each period.
A. (6, 6) B. (2, 2) C. (?8, 10) D. (10, ?8)
A currency that is not backed by gold, silver, or any other precious commodity equal to the face value of the money is known as
A. fake money. B. weak money. C. commodity money. D. token money.