The reference base period for the CPI has an index number of
A) 100. B) 10. C) 1,000. D) 0. E) 1.
A
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The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. 
Firm A's dominant strategy is to ________, and Firm B's dominant strategy is to ________.
A. not invest; not invest B. invest; not invest C. invest; invest D. not invest; invest
Explain what is meant by capital flight. How would you distinguish capital flight from the normal desire of investors to diversify their portfolios by investing abroad?
What will be an ideal response?
Federal spending was highly expansionary during the 2007-2009 recession. During this same period, state and local government spending rose ________, and it ________ from 2009-2011
A) more than would be expected; rose again B) more than would be expected; fell C) less than would be expected; continued to rise D) less than would be expected; fell
A change in the composition of the population will generally
a. change demand only if there is a change in the size of the population b. change demand only if there is no change in the size of the population c. change demand even if there is no change in the size of the population d. have absolutely no effect on demand e. result in a movement along the demand curve