An increase in the federal budget deficit:
a. only occurs when there is a deficit in the balance of trade
b. creates deflation.
c. decreases aggregate demand.
d. decreases the aggregate quantity demanded along a stationary aggregate demand curve.
e. raises the equilibrium level of output and employment.
e
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Growth in labor productivity in the economy as a whole has been ________ labor productivity in health care
A) slightly faster than B) almost twice as slow as C) approximately equal to D) more than twice as fast as
John Nash, the mathematician responsible for the Nash equilibrium, also proved that any reasonable bargaining outcome would
a. Split the gains from trade b. Allocate the gains from trade to the seller c. Allocate the gains from trade to the buyer d. All of the above
Which of the following countries has lower income mobility than the United States?
A. United Kingdom B. Germany C. Neither of these countries have lower income mobility than the United States. D. Both of these countries have lower income mobility than the United States.
A "bad choice" as defined in choice architecture is a choice that:
A. policymakers want to nudge participants away from. B. is one that the chooser will regret later. C. is considered not optimal by the choice architect. D. policymakers consider not optimal for society, despite individual choosers' benefits.