In a "game," strategies are
A) the reactions of firms to the changes in the economy.
B) the laws regulating the industry.
C) the plans made by the participants.
D) the potential returns the participants may get.
C
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Phillip is a 22-year old who has no job and is available for work, but has not actively looked for a job in the last month
The Current Population Survey identifies Phillip as ________, ________ the labor force, and ________ the working-age population. A) unemployed; part of; part of B) unemployed; part of; not part of C) not unemployed; not part of; part of D) not unemployed; not part of; not part of E) not unemployed; part of; part of
Explain how prices in a competitive market form --- and how they take the place of almost limitless information that a social planner would need if he tried to mimic the market outcome.
What will be an ideal response?
According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?
a. Black males had higher labor-force participation rates and lower unemployment rates compared to white males. b. Black males had both higher labor-force participation rates and higher unemployment rates compared to white males. c. Black males had both lower labor-force participation rates and lower unemployment rates compared to white males. d. Black males had lower labor-force participation rates and higher unemployment rates compared to white males.
Suppose that the Fed purchases $1,000,000 worth of bonds and that the reserve ratio is 100 percent. Then, the maximum potential expansion of deposits is
A. $100 million. B. $0. C. $1,000,000. D. none of these.