A dominant strategy
A) is one that a firm is forced into following by government policy.
B) involves colluding with rivals to maximize joint profits.
C) involves deciding what to do after all rivals have chosen their own strategies.
D) is one that is the best for a firm, no matter what strategies other firms use.
D
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The change illustrated in the figure above is part of the transmission process of the Fed's monetary policy. As a result of the increase in the supply of loanable funds, aggregate demand ________, real GDP ________, and the price level ________
A) increases; decreases; falls B) decreases; decreases; falls C) increases; increases; rises D) increases; does not change; does not change E) None of the above answers is correct.
A graph showing the inverse relationship between the economy's rate of unemployment and rate of inflation is called the:
a. Laffer curve. b. aggregate expenditure model. c. Keynesian cross. d. Phillips curve. e. consumption curve.
The consumption that is greater than zero when national income is zero is
a. permanent consumption b. induced consumption c. nondependent consumption d. autonomous consumption e. automatic consumption
Most checkable deposits are insured up to $250,000 by
a. state banking commissions. b. the Federal Reserve Board. c. U.S. Department of the Treasury. d. the Federal Deposit Insurance Corporation.