Which of the following is blamed for the lack of increased business investment spending on new factories and machinery during the 1930s?
(a) The new presence of government's large-scale economic activity caused business to lose some of its former confidence.
(b) The general outlook stressed caution.
(c) A much lower rate of population growth and family creation depressed the housing market.
(d) All of the above.
(d)
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An economy with better technology is likely to:
A) achieve higher productivity. B) have lower levels of human capital. C) have less capital stock. D) use more labor than capital.
Fill in the blank: According to your textbook, "Fiscal policy is simply ________."
A) budget policy B) monetary policy under a different name C) price policy D) wage policy E) stupid
Which of the following would be a useful way to increase the saving rate?
A) Tax breaks to increase the real return that savers receive B) Increasing taxes if Ricardian equivalence holds C) Increasing government spending D) Increasing taxes on capital goods
In a two-person repeated game, a tit-for-tat strategy refers to
a. Where each player pursues his or her own self-interest without any cooperation b. Where players start off as non-cooperative and then cooperate when one or both players show interest in colluding c. Where players start off by cooperating and then mimic the other player's last move d. Players cooperating throughout with no defection