Economists use the phrase "business cycle" when referring to fluctuations in
a. the rate of real output and employment.
b. interest rates.
c. the consumer price index.
d. the general level of prices.
A
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Strategies and incentives:
A. work the same whether games are played once or repeated. B. often work quite differently when games are repeated. C. do not change when the game is repeated. D. None of these statements is true.
The Stability and Growth Pact (SGP) was a failure because of all of the following reasons, EXCEPT:
A) surveillance failure. B) weak punishment. C) once countries joined the Eurozone, enforcement of rules was impossible. D) consultations between the Federal Reserve and the ECB broke down.
As the real interest rate increases, the quantity of saving supplied ________ and the quantity of saving demanded ________.
A. does not change; does not change B. increases; increases C. increases; decreases D. decreases; increases
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__rrr0818190951__f1q218g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />If one store is located at A and the other store is located at C:
A. 100 people will certainly shop at each store, but where the other 100 will shop is indeterminant.
B. 100 people will shop at the store at A, and 200 people will shop at the store at C.
C. 200 people will shop at the store at A, and 100 people will shop at the store at C.
D. 150 people will shop at each store.