The equilibrium of this game indicates
a. Self-interest can sometimes lead to sub-optimal outcomes
b. Rationality can sometimes lead to inefficient outcomes
c. All of the above
d. None of the above
c
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As the dollar exchange rate, e, increases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. decreases; increases B. increases; increases C. decreases; decreases D. increases; decreases
The long-run real interest rate is the long-run nominal interest rate ________
A) minus inflation expectations B) plus all taxes C) plus inflation expectations D) minus all taxes
Real GDP per capita and other alternative measures of the quality of life are:
a. independent. b. directly correlated. c. poorly correlated. d. inversely related.
Since the cross elasticity of demand between hamburger patties and cheese is negative, these are ________ goods.
A. complementary B. substitutable C. normal D. both complementary and substitutable