What happened to consumer prices as measured by the CPI between 1929 and 1933?
A) rose by more than 20%
B) didn't change
C) declined by about 25%
D) declined by about 80%
C
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Which of the following will tend to cause an increase in technology?
A) increases in human capital B) an increase in research and development expenditures C) the development of new ideas D) all of the above
Describe each of the five game types discussed in this chapter (prisoner's dilemma, pure coordination, assurance, battle of the sexes, chicken) in terms of the amount of tension between cooperation and self-interest of the players
What will be an ideal response?
If an economy has successful assigned policies under a fixed exchange regime, what will they have to do if they choose a new floating exchange regime?
A) Switch which agency is focused on internal vs. external balance. B) nothing C) Watch closely for signs of inflation which may trigger a policy misalignment problem. D) The answer is dependent upon their level of capital mobility which is unknown.
Modern monetarists view any increases or decreases in total output stemming from expansions or contractions in the money supply as
A) permanent. B) temporary. C) irrelevant. D) extremely important.