In a prisoner's dilemma:
a. all competing parties gain.
b. one competitor gains at the expense of another.
c. all competing parties lose.
d. one competitor loses.
Ans: c. all competing parties lose.
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A lower real interest rate ________ investment spending and ________ consumption spending.
A. decreases; increases B. increases; increases C. decreases; decreases D. increases; decreases
Are there key differences between an increase in the capital stock and an improvement in the level of technology?
A market:
a) Does not exist for the exchange of illegal goods and services. b) Must be approved by the government before it can exist. c) Must have a physical location so buyers and sellers can meet. d) Is any place where goods are bought and sold.
Assume that M is $300 billion and V is 10. What is the level of nominal GDP according to the monetarist equation? If V rises by 10%, then according to the monetarist equation, what will be the new level of nominal GDP?
What will be an ideal response?