When a player randomly chooses the strategy to play, with each strategy given a fixed probability of being chosen, we say that the player is using
a. a mixed strategy.
b. a pure strategy.
c. a dominant strategy.
d. a Stackelberg strategy.
a. a mixed strategy.
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A firm should be transparent, meaning
a. the windows at headquarters should be cleaned regularly b. if executives lie during a stockholder meeting, people should be able to see right through them c. someone should be able to look at the books and the balance sheet and tell exactly what's going on d. None of the answers is correct e. All of the answers are correct
If the government wished to shift aggregate demand to the right, it might:
A. pressure the Fed to decrease the money supply. B. increase government spending. C. increase income taxes. D. Any of these things might cause aggregate demand to shift to the right.
Wages paid to teachers, police personnel, and postal workers are not transfer payments because they are payments for services and not simply "transfers" of money.
Answer the following statement true (T) or false (F)
According to the Lucas supply function, ________ no effect on real output.
A. any announced policy change has B. any unanticipated policy change has C. only announced monetary policy changes have D. only announced fiscal policy changes have