As the recession persisted into 2009, the unemployment rate in the United States rose to ________, the highest rate since the recession of 2001-2002 and the second highest since the Great Depression
A) 5.5 percent B) 9.3 percent C) 17.6 percent D) 25.1 percent
B
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All of the following are examples of public goods except
A) clean water systems. B) stock of knowledge in the public domain. C) crime prevention. D) broadcast television with commercials.
The Full Employment and Balanced Growth Act of 1978 is also called the Humphrey-Hawkins Act and requires the President to appear before Congress twice a year to present his forecast for the economy
Indicate whether the statement is true or false
Should autonomous consumption fall by one dollar, the effect of this on equilibrium income can be offset if government expenditure
A) falls by one dollar. B) rises by one dollar. C) falls by 1/(1 - c) dollars. D) rises by 1/(1 - c) dollars. E) rises by c/(1 - c) dollars.
In repeated games, all of the below make it easier to get out of bad situations except
a. Be nice, no strikes first b. Respond immediately to rivals c. Punish competitors as much as you can d. Make sure your competitors can easily interpret your actions