In the sequential negotiation games:
a. You can induce a change in the strategy in your opponent only if your threat is believed
b. Any threat can induce a change in strategy in your opponent
c. A threat that is believed is one that you will not have to carry out
d. A and C
d
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The Constitution of the United States grants ________ the authority to regulate commerce and to impose tariffs
A) Congress B) the President C) the Supreme Court D) the U.S. Trade Representative
According to economist Arnold Kling's perspective on the economy, economic activity is best viewed by focusing on
A) aggregate demand. B) the actions of the Federal Reserve. C) changes in spending. D) specialization and trade.
Refer to the accompanying figure.
Based on the figure, if the economy is in short-run equilibrium with output equal to 24,000, then there is ________, and ________ could return the economy to potential output (Y*).
A. an expansionary gap; a decrease in autonomous expenditures of 4,000 B. a recessionary gap; an increase in autonomous expenditures of 1,000 C. a recessionary gap; an increase in autonomous expenditures of 4,000 D. an expansionary gap; a decrease in autonomous expenditures of 1,000
A wage sufficient to keep a family out of poverty is called the
A. living wage. B. minimum wage. C. maximum wage. D. just wage.