Refer to Figure 10.1. If the monopolist is not regulated, the price will be set at ________
A) P1
B) P2
C) P3
D) P4
E) none of the above
B
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A subgame-perfect equilibrium is a Nash equilibrium that
a. cannot persist through several periods. b. involves only credible threats. c. consists only of dominant strategies. d. is unique.
The model: yt = 
0 +
data-mathml="%3Cmath%20style%3D%22font%2Dfamily%3A%27Times%20New%20Roman%20Greek%27%22%20xmlns%3D%22http%3A%2F%2Fwww%2Ew3%2Eorg%2F1998%2FMath%2FMathML%22%3E%3Cmstyle%20mathsize%3D%2215px%22%3E%3Cmi%3E%26%23947%3B%3C%2Fmi%3E%3C%2Fmstyle%3E%3C%2Fmath%3E" src="@@PLUGINFILE@@/ppg__cognero__Ch_18_Advanced_Time_Series_Topics__media__790da69f-64fa-486c-81f5-92f7289a1dd4.PNG" style="vertical-align:middle;" />0zt+ 
yt - 1+ 
1zt -1 +vt, where vt = ut- ut -1 represents a:
A. finite distributed lag model.
B. simultaneous equations model.
C. rational distributed lag model.
D. vector error correction model.
The Depository Institutions Deregulation and Monetary Control Act of 1980 accomplished which one of the following reforms?
A. Established a uniform set of reserve requirements for all depository institutions. B. Established maximum and minimum interest rates which depository institutions were permitted to pay on checkable deposits. C. Shifted to the United States Treasury the responsibility for setting the discount rate. D. Provided presidential veto power over setting reserve requirements.
If the wage rate is less than the marginal revenue product of labor, the firm should ________ to maximize profits.
A. hire more labor and produce less output B. hire less labor and produce less output C. hire less labor and produce more output D. hire more labor and produce more output