If the central bank increases the money supply, in the short run, the price level
a. and unemployment rise.
b. rises and unemployment falls.
c. falls and unemployment rises.
d. and unemployment fall.
b
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A consumer is likely to avoid adverse selection and get a high-quality lunch at
A) a snack bar at a traveling carnival. B) a vendor who parks her cart at a different location every noon. C) a restaurant in the center of a business district. D) a restaurant located next door to Disneyland.
What is mercantilism? What are the draw backs of this doctrine?
The correct measure of the deficit is also called
A) the cyclically-adjusted deficit. B) the structural deficit. C) the full-employment deficit. D) the inflation-adjusted deficit. E) all of the above
________ is a repeated game strategy in which a player responds in kind to an opponent's play.
A. Maximin B. Tit-for-tat C. Price leadership D. Prisoners' dilemma