Long-run aggregate supply is equal to
A. inflation minus unemployment.
B. short-run aggregate supply.
C. short-run aggregate demand.
D. potential output.
Answer: D
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Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) There is one Nash equilibrium in this game.
B) There are three Nash equilibria in this game.
C) There are no Nash equilibria in this game.
D) There are two Nash equilibria in this game.
A corporation seeking to expand, and looking for the least risky financing option would choose:
a. stocks b. bonds c. retained earnings d. a bank loan
If price were $20, there would be _____ (shortage or surplus) of about ________.
The tasks performed by the chef at your favorite restaurant could be categorized as
A. a service or intangible good. B. an economic good. C. a good. D. All of the above are correct.