Inflation expectations in the United States generally
A) fell from 1971 to 1976, rose from 1977 to 1985, then fell from 1985 to 1995, and have been stable since then.
B) fell from 1971 to 1985, then rose from 1985 to 2000, and have been stable since then.
C) rose from 1971 to 1987, then fell from 1987 to 2006.
D) rose from 1971 to 1982, then fell from 1982 to 2000, and have been stable since then.
D
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The World Bank's view of the effectiveness of industrial policies in East Asia is that, in general, they
A) hindered growth. B) had little or no effect on growth. C) encouraged growth. D) are the main factor in the success of the East Asian economies. E) worked in Japan and Korea, but not in the other countries.
The immediate effect of a bank's purchase of U.S. government securities from the Fed is a(n): a. decrease in the bank's assets
b. increase in the bank's assets. c. decrease in the Fed's assets. d. increase in the Fed's assets. e. decrease in both the bank's and the Fed's assets.
When the going rate is $10.00 per hour, Ann wants to babysit 6 hours each week and Pat wants to babysit 4 hours each week. If the rate goes up to $12.00, Ann and Pat both double the number of hours they are willing to babysit each week. Based on this information, a combined supply curve will pass through the points:
A. price = $10.00, quantity supplied = 6 and price = $12.00, quantity supplied = 4. B. price = $10.00, quantity supplied = 10 and price = $12.00, quantity supplied = 20. C. price = $10.00, quantity supplied = 20 and price = $12.00, quantity supplied = 10. D. price = $10.00, quantity supplied = 4 and price = $12.00, quantity supplied = 6.
The analytical framework in which two or more firms compete for certain payoffs that depend on the strategy that the others employ is
A) game theory. B) the concentration ratio. C) a horizontal merger. D) network effect.