Refer to Figure 14.1. Other things equal, a decrease in the target inflation rate is best represented as a movement from
A) point A to point B.
B) point C to point B.
C) point A to point C.
D) point B to point C.
A
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A strategy that limits defection in a repeated prisoner's dilemma game is:
A. a cartel. B. a tit-for-tat strategy. C. a Nash equilibrium. D. an ultimatum bargaining game.
If full employment GDP is greater than equilibrium GDP there is
A. an inflationary gap. B. a deflationary gap. C. both an inflationary gap and a deflationary gap. D. neither an inflationary gap nor a deflationary gap.
Whenever I go to the grocery store, I always stop at Starbucks on the way home. Therefore, going to the grocery store causes me to go to Starbucks. This statement is an example of the
A. ceteris paribus fallacy. B. fallacy of logic. C. fallacy of inductive reasoning. D. post hoc, ergo propter hoc fallacy.
The U.S. distribution system is
A. identical to that of the former Soviet Union. B. based on a pure socialist economy. C. determined by a modified version of one dollar, one vote. D. similar to the fascist 1930's Germany.