The monetarist explanations of the Great Depression focus on
a. falls in the LM curve and aggregate demand.
b. falls in aggregate supply.
c. fall in the IS curve and aggregate demand..
d. falls in expectations and the expected price level.
A
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A trade bloc allows member countries to import from other member countries freely, but imposes trade barriers against imports from countries outside the bloc.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.
Assuming food and beverages make up about 15 percent of total expenditures and food and beverage prices rise by 10 percent while the other components of the price index remain constant, approximately by how much will the price index rise?
A. 25 percent B. 15 percent C. 1.5 percent D. 1 percent
Which of the following conditions are necessary for the existence of a Nash equilibrium?
A. The existence of a dominant strategy for one player and the existence of a secure strategy for another player. B. The existence of dominant strategies for both players. C. The existence of a secure strategy for both players. D. None of the answers is correct.