Which of the following can lead to stagflation?
a. A decrease in the money supply
b. A decrease in autonomous consumption
c. A prolonged increase in oil prices
d. An increase in government spending
e. A decrease in oil prices
C
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Refer to Scenario 2.2. What is the effect of the BBP on the equilibrium price of dental care?
A) It unambiguously increases. B) It unambiguously decreases. C) It increases only if supply shifts more than demand. D) It increases only if demand shifts more than supply.
Income transfers become part of aggregate demand as soon as they occur.
Answer the following statement true (T) or false (F)
When we move along a given demand curve,
a. only price is held constant.
b. income and price are held constant.
c. all nonprice determinants of demand are held constant.
d. all determinants of quantity demanded are held constant.
In experiments testing game theory, cheap talk does not affect the outcome of a game.
Answer the following statement true (T) or false (F)