The Phillips curve shows the trade-off between rates of inflation and rates of unemployment
Indicate whether the statement is true or false
T
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Mr. Smith won a laptop in an online auction in which bidders could see each other's bid and price increased with every new bid
a) If Mr. Smith values the laptop at $400, find out his dominant strategy. b) Will there be a change in his optimal bidding strategy if there is an increase in the number of bidders?
Which of the following is TRUE about firms organized along functional lines?
a. Workers develop functional expertise b. Workers can easily share information within their division c. They foster the exploitation of economies of scale d. All of the above
Foreign direct investment-capital injections from abroad-can promote economic growth
a. True b. False Indicate whether the statement is true or false
The $840 billion package of both spending increases and tax cuts passed in 2009 was known as ______.
a. the Affordable Care Act b. the American Recovery and Reinvestment Act c. the Kennedy Tax Cuts d. the Reagan Growth Initiative