In cartels, the reason that the monopoly output is unstable is due to the factors that are present in a prisoner's dilemma
a. True
b. False
Indicate whether the statement is true or false
True
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If the annual inflation rate in an economy is positive, the purchasing power of a dollar kept in a bank:
A) will decrease over time. B) will remain the same over time. C) will increase over time. D) can increase or decrease depending on the economic growth rate.
The time value of money is also referred to as the ________
A) loan B) interest C) collateral D) principal
In a two-period model with default, the nation defaults on its debt in the current period if
A) the market interest rate is high, the cost of defaulting is low, and national debt is high. B) the market interest rate is low, the cost of defaulting is low, and national debt is high. C) the market interest rate is high, the cost of defaulting is high, and national debt is low. D) the market interest rate is low, the cost of defaulting is high, and national debt is low.
If there is an excess supply of money in the money market, there must be an excess supply of bonds in the bond market
a. True b. False