A Nash Equilibrium is a stable outcome for an oligopoly market situation
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
What portion of the engineering and computer-science doctorate degree-holders in the U.S. are foreign-born?
A. About 10% B. About 25% C. About 50% D. About 75%
In terms of total sales, the dominant form of business firm in the U.S. economy is the
a. corporation b. sole proprietorship c. partnership d. nonprofit organization e. limited partnership corporation
Which of the following is true from the perspective of the New Keynesian school of thought?
a. Fluctuations in private spending does not affect aggregate demand in an economy. b. Investment spending remains relatively constant irrespective of the supply shocks. c. Fluctuations in aggregate demand are not the primary source of problem for policymakers. d. The government should limit its role to administrative functions. e. Monetary and fiscal policies often fail to restore macroeconomic equilibrium.
In 2003, the largest component of U.S. GDP was
a. personal consumption expenditures b. government purchases c. durable goods d. net exports e. gross private domestic investment