The unemployment rate that would be consistent with full employment is:
A. a fixed unemployment rate that does not change over time.
B. equal to the cyclical unemployment rate.
C. equal to zero.
D. equal to the total of frictional and structural unemployment.
Answer: D
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Suppose the game is infinitely repeated. What strategies will each firm utilize?
a. Firm A will charge a lower price and firm B will charge a lower price b. Firm A will charge a higher price and firm B will charge a lower price c. Firm A will charge a lower price and firm B will charge a higher price d. Firm A will charge a higher price and firm B will charge a higher price
If two goods are substitutes, an increase in the price of one will cause the demand for the other to decrease
Indicate whether the statement is true or false
Other things the same, if the Japanese real interest rate were to increase, Japanese net capital outflow
a. and net capital outflow of other countries would rise. b. and net capital outflow of other countries would fall. c. would rise, while net capital outflow of other countries would fall. d. would fall, while net capital outflow of other countries would rise.
In a repeated prisoner's dilemma, players:
A. always play their dominant strategy. B. can sustain cooperation by playing their dominant strategy. C. can sustain cooperation by employing a tit-for-tat strategy. D. never learn to play their dominant strategies.