Refer to the graph shown. A policy that cuts government spending would be most appropriate when the economy is at point:
A. A.
B. B.
C. C.
D. D.
Answer: B
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By the accelerator hypothesis, if a firm's actual sales jump in one period to a higher maintained level, that firm's capital stock
A) also jumps in one period to a higher maintained level. B) gradually drifts upward to a higher maintained level. C) jumps upward and then falls back to zero. D) jumps upward and then falls back part of the way.
With respect to real per capita incomes, the United States' position
a. as leader has reversed with the United Kingdom since 1980. b. as leader has reversed with Canada since 1980. c. as leader has reversed with Sweden since 1980. d. has not changed much since 1980.
Other things being equal, the effects of an increase in the price of computers would best be represented by which of the following?
a. A movement up along the demand curve for computers. b. A movement down along the demand curve for computers. c. A leftward shift in the demand curve for computers. d. A rightward shift in the demand curve for computers.
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A0,75,2?B5,10,8What are the pure Nash equilibrium strategies for this game?
A. {(A, C)}. B. {(A, C) and (B, D)}. C. {(B, C)}. D. There is no pure strategy Nash equilibrium to this game.