The main debate during the 1960s was
A) between Keynesians and classicals.
B) between new Keynesians and new classicals.
C) between Keynesians and monetarists.
D) between new Keynesians and monetarists.
C
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Game theory is a tool for studying ________
A) Nash behavior B) payoff dilemmas C) rational dilemmas D) strategic behavior
In a perfectly balanced oligopoly (with eight firms, all having the same market share), if any one firm captures 1 percent of the market from one of the others,
a. c and d b. the eight-firm concentration ratio will increase c. the eight-firm concentration ratio will decrease d. the Herfindahl-Hirschman index will rise e. the Herfindahl-Hirschman index will fall
What percentage of college students attends a publicly funded college or university?
A. 20% B. 40% C. 75% D. 30%
Which of the following is true?
A. At the same price, demand is more elastic on the steeper demand curve. B. On a linear demand curve, elasticity is constant. C. On a linear demand curve, the higher the price, the less elastic is demand. D. None are true.