The misery index is the
A. Unemployment rate minus the interest rate.
B. Inflation rate plus the interest rate.
C. Inflation rate plus the unemployment rate.
D. Inflation rate minus the unemployment rate.
Answer: C
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In chicken game, Nash equilibria exist at every outcome where the players successfully coordinate
Indicate whether the statement is true or false
As producers have more time to adjust to a price change, price elasticity of supply
a. increases b. decreases c. remains the same d. rises and then falls e. falls and then rises
Classical economists believe that: a. wage ,price, and interest rates are inflexible
b. wage, price, and interest rates are flexible. c. fiscal policy should be used to stabilize the economy. d. monetary policy should be used to stabilize the economy.
As income falls, the demand for normal goods ____ and the demand for inferior goods ____.
A. falls; falls B. rises; rises C. falls; rises D. rises; falls