Under what circumstances would the GDP deflator be less than 100 after the base year?
A) The GDP deflator will be less than 100 if there has been deflation relative to the base year.
B) There are no circumstances under which the GDP deflator could be less than 100.
C) The GDP deflator will be less than 100 if there has been inflation relative to the base year.
D) The GDP deflator will be less than 100 if there has been inflation of less than 2% per year relative to the base year.
A
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If input prices rose and production technology improved at the same time, as a result: larger quantities to be exchanged. a. prices would rise
b. prices would fall. c. larger quantities to be exchanged. d. we would not know which direction either prices or quantities exchanged would be altered without more information.
The efficient markets theory of stock prices, says that new information
a. is quickly and completely incorporated into stock prices b. is incorporated into stock prices only when discovered by fundamental analysis c. causes stock prices to increase d. has little impact on stock prices e. is incorporated into stock prices with a time lag of a few days
Assuming the standard assumptions, in a repeated-play ultimatum game, the first player's best strategy in the last round is to:
A. split the money evenly with a bit more going to him or herself. B. take all the money for oneself. C. give the most money to the opponent. D. give the most money to oneself.
The four key markets that coordinate the circular flow of income are
What will be an ideal response?