Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome with cooperation?
A) Both confess.
B) Both don't confess.
C) Bob confesses while Harry does not confess.
D) Harry confesses while Bo does not confess.
B
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In the textbook model of endogenous growth, long-run output growth would increase if there were either a ________ in the saving rate or a ________ in the depreciation rate.
A. rise; fall B. rise; rise C. fall; fall D. fall; rise
If you believe that velocity is constant and that the aggregate supply curve is horizontal, then the quantity theory of money would predict that a doubling of the money supply would cause a doubling of the
a. price level and real output. b. price level. c. price level and no change in real output. d. real output.
Price ceilings are never binding when set above the equilibrium price
a. True b. False Indicate whether the statement is true or false
Figure 5-9
In Figure 5-9, the consumer's marginal rate of substitution at his optimum choice of X and Y is
a.
?1.
b.
16.
c.
8.
d.
?8.