Figure 12.8 depicts an advertising game between two stores. Which of the following statements is correct?
A. Both stores have a dominant strategy.
B. Neither store has a dominant strategy.
C. Only Store A has a dominant strategy.
D. Only Store B has a dominant strategy.
Answer: A
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Discount rate policy is ________ tool of the Fed in its attempts to influence ________, and thus the money supply
A) an unnecessary, the reserve-holding ratio B) an unnecessary, high-powered money C) a necessary, the reserve-holding ratio D) a necessary, high-powered money
Which of the following is a test for serial correlation in the error terms?
A. Johansen test B. Dickey Fuller test C. Durbin Watson test D. White test
How does inclusion of the current revenues and expenditures of the Social Security trust fund into the budget calculation affect the reported budget deficit of the federal government?
A. It increases the reported deficit. B. It reduces the reported deficit. C. It exerts no effect on the reported deficit. D. It increases the deficit during an economic boom but reduces it during a recession.
People make decisions every day that reflect a finite (as opposed to infinite) valuation of their own lives.
Answer the following statement true (T) or false (F)