Inflationary GDP is the amount by which equilibrium real GDP falls short of the full employment level of GDP.
Answer the following statement true (T) or false (F)
False
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The process in which a cycle of falling asset prices and falling prices of goods and services can increase the severity of an economic downturn is called:
A) financial crisis B) bank run C) sovereign debt crisis D) debt-deflation process
In the figure, obtaining more books by giving up some DVDs is called a ___________; whereas losing two books in order to gain 1 DVD is referred to as ________ cost.
a. trade-off; a production b. opportunity; trade-off c. budget; a production d. trade-off; an opportunity
Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Which of the following statements is true?
A. Jordan's dominant strategy depends on Lee's choice. B. For Jordan, seeing a comedy is a dominant strategy. C. For Jordan, seeing a documentary is a dominant strategy. D. Jordan does not have a dominant strategy.
A monopoly sells 5 units of output at $20. If the MR of the 6th unit is $14, then the price of the 6th unit is
A. greater than $20. B. $19. C. also $14. D. $17.