In the prisoners' dilemma game, one prisoner is always better off confessing, no matter what the other prisoner does
a. True
b. False
Indicate whether the statement is true or false
True
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The new classical approach to the aggregate supply curve assumes that businesses are
A) better informed about the general price level than they are about prices in their own markets. B) better informed about prices in their own markets than they are about the general price level. C) equally well informed about prices in their own markets and the general price level. D) reluctant to engage in investment spending because of a lack of information concerning future prices.
The order of integration
A) can never be zero. B) is the number of times that the series needs to be differenced for it to be stationary. C) is the value of ?1 in the quasi difference(?Yt - ?1Yt-1). D) depends on the number of lags in the VAR specification.
Pricing is an aspect of a firm's:
A. conduct. B. environment. C. performance. D. structure.
The consumer price index (CPI) is a measure of inflation for
A. an elderly couple recently retired to Yuma, Arizona. B. farmers. C. a typical consumer of the market basket used to calculate the index. D. Apple Computer.