Favorable supply shocks should produce rapid economic growth with falling inflation
a. True
b. False
Indicate whether the statement is true or false
True
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In the figure above, if there is no Ricardo-Barro effect, the government has a budget ________ because the ________
A) surplus of 0.2 trillion; SLF curve lies to the right of the PSLF curve. B) deficit of 0.2 trillion; SLF curve lies to the right of the PSLF curve. C) deficit of 0.4 trillion; SLF curve shows a smaller quantity of LF than the PSLF curve. D) surplus of 0.4 trillion; SLF curve shows a larger quantity of LF than the PSLF curve. E) surplus of -0.2 trillion; SLF curve lies to the right of the PSLF curve.
There are ________ between the risks individuals expose one another to and the risks corporations expose their customers to
A) major differences B) no fundamental differences C) only financial differences D) significant, but relatively minor differences
An isocost line depicts:
a. the minimum cost required to produce a certain level of output, given input prices. b. the input combination to produce a certain level of output. c. the input combinations that satisfy a budget constraint, given input prices. d. the maximum output that can be produced by a firm given its budget constraint.
The ways to escape a prisoner's dilemma is to
A) make commitments and play the game repeatedly. B) collude. C) find a dominant strategy. D) give up the game.