The investment demand curve would shift to the left because of
A. A lower current income level for the economy.
B. The discovery of more efficient production methods.
C. Expectations of a recession.
D. Higher interest rates.
Answer: C
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Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
a. Do not be forgiving b. Be forgiving c. Punish the competitors severely forever d. All of the above
If money supply increases, P will rise as long as V and Q remain constant
a. True b. False Indicate whether the statement is true or false
One reason government deficits do not cause complete crowding out is because:
a. Saving increases by the amount that consumption falls when income changes. b. When the real risk-free interest rate rises, the real money supply rises due to changes in the public's preferred asset ratios (e.g., Cc/D, N/D, and U/D). c. As the real risk-free interest rate rises, government spending automatically rises to pay for the higher interest expenses. d. All the above. e. None of the above.
The theory of the communists could be summed up in a single phrase: ______________________________.
Fill in the blank(s) with the appropriate word(s).