Which of the following statements is most accurate?
A. Central bank statements in developed countries differ in length but are similar in the speed with which policy changes are announced.
B. Central bank statements in developed countries are similar both in length and in the speed with which policy changes are announced.
C. Central bank statements in developed countries differ both in length and in the speed with which policy changes are announced.
D. Central bank statements in developed countries are similar in length but differ in the speed with which policy changes are announced.
Answer: A
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Refer to the payoff matrix below. Which is the equilibrium of the game using the Pareto criterion?
Camp with Us and Happy Campers compete in the market for campers. Each firm must decide each season if they are going to offer special financing or not. The above payoff matrix shows each firm's net economic profit at each pair of strategies.
A) Camp with Us Offer Financing and Happy Campers Do Not Offer Financing
B) Camp with Us Offer Financing and Happy Campers Offer Financing
C) Camp with Us Do Not Offer Financing and Happy Campers Do Not Offer Financing
D) Camp with Us Do Not Offer Financing and Happy Campers Offer Financing
Which of the following is assumed constant along the demand curve for gasoline?
a. the price of gasoline and the prices of related goods b. the price of gasoline, buyers' incomes, and tastes c. all variables affecting demand other than the price of gasoline d. all variables affecting demand other than the supply of gasoline e. buyers' incomes and tastes, but not the prices of related goods
The largest dollar amount of GDP is
a) rental payements b) government expenditures on goods and services c) profit d) net exports e) wages and salaries to employees
What could low productivity growth in a country suggest?
What will be an ideal response?