If the monetary policy reaction curve has a relatively steep slope, the dynamic aggregate demand curve is likely to have a:
A. zero slope.
B. relatively flat slope.
C. relatively steep slope.
D. positive slope.
Answer: B
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In the simultaneous move labor negotiation game:
a. The payoffs from bargaining hard are only higher if your opponent accommodates b. The payoffs from bargaining hard are only higher if your opponent bargains hard c. The payoffs are always higher if you bargain hard d. The payoffs are always higher if your opponent bargains hard
When markets reach the ____ price all the opportunities for mutually beneficial trade have taken place and the sum of consumer and producer surplus is ____
a. minimum, maximized b. maximum, minimized c. equilibrium, maximized d. equilibrium, shared equally between consumers and producers
According to the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," in which of the following ways does philanthropy not improve the market outcome?
A. Make novel arrangements with private companies. B. Draw in experts including universities. C. Give awards. D. Require firms to research new and improved health care solutions.
Which of the following is a capital resource?
A. A computer programmer. B. A corporate bond issued by a computer manufacturer. C. Silicon (sand) used to make computer chips. D. A piece of software used by a firm.