The real wealth effect is one reason for the negative slope of the aggregate demand curve
a. True
b. False
Indicate whether the statement is true or false
True
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The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the fifth pound of cookies is
A) 1. B) 2. C) 3. D) 15.
The practice of "monetizing the debt" is traditionally feared because it is thought to cause
A) unemployment. B) inflation. C) a falling price level. D) a liquidity trap.
The above figure shows the payoff for two firms, A and B, that must each choose to sell either at a high or low price. Determine the dominant strategies for each firm (if any) and the Nash equilibria (if any)
What will be an ideal response?
Which of the following resulted in the financial crisis in 2007-08?
a. Falling international reserves b. Short-term investments made by China in the US c. Lack of transparency d. Bad loans on U.S. mortgages e. Fixed rates of interest