A sustained decrease in an economy's price level is known as deflation
a. True
b. False
Indicate whether the statement is true or false
True
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The prisoners' dilemma describes a single-play game that features
A) an outcome in which the participants collude. B) a large number of rivals cooperating with each other. C) a situation in which one player has better odds than the other. D) two players who are unable to communicate with each other.
All secondary trading of municipal bonds occurs
A) through commercial banks. B) in the over-the-counter market. C) through life insurance companies. D) in the New York Municipal Bond Market.
As a percentage of GDP, U.S. imports have been ________ and U.S. imports have been ________ since 1950
A) growing; declining B) declining; growing C) growing; growing D) declining; declining
A monopolist maximizes profit by producing the quantity at which MC = MR, just like a perfect competitor
a. True b. False Indicate whether the statement is true or false