____ is one in which exactly the amount one competitor gains must be lost by other competitors.
A. Nash equilibrium
B. Prisoner’s dilemma
C. A win-win situation
D. A zero-sum game
Answer: D
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A falling interest rate ________ the number of investment projects having a positive profit rate, and thus ________ the amount of output that firms demand for themselves
A) increases, raises B) increases, lowers C) decreases, raises D) decreases, lower
Quantity Supplied
What will be an ideal response?
During a severe recession, we would expect output to fall the most in
A. agriculture. B. the construction industry. C. the clothing industry. D. the health care industry.
In the rational expectations theory, a temporary change in real output could result from:
A. Anticipated price-level changes B. A price-level surprise C. A coordination failure D. Insider-outsider relationships