Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A.
B. C to D.
C. B to D.
D. A to C.
Answer: B
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The chain-reaction game
A. was cancelled on network TV. B. counts secondary benefits without counting secondary costs. C. compounds a bad decision by making more bad decisions, causing unwanted projects to get funded. D. is double-counting of benefits.
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Is this game a prisoner's dilemma?
A. Yes, because if both firms played their dominated strategy, they each would earn a higher payoff than when they both play their dominant strategy. B. No, because neither firm has a dominant strategy. C. Yes, because if both firms played their dominant strategy, they each would earn a higher payoff than when they both play their dominated strategy. D. No, because cheating yields the highest payoff for both firms.
The expression "There's no such thing as a free lunch" means
a. that even if the lunch is free, we pay for it in extra calories b. that resources used up in producing the lunch are not available to satisfy other wants c. the same thing as "The best things in life are free" d. you can eat only if you work first e. neither sea water nor air is free
The policy irrelevance proposition states that
A) only relatively large expected changes in monetary policy impact the economy. B) anticipated changes in monetary policy are ineffective in changing real GDP. C) only statements from the White House have impact on the economy. D) in the short run unanticipated changes in monetary policy are ineffective in changing real GDP.