Cooperation that continues as long as the players continue to cooperate is
A) a zero-sum game.
B) a negative-sum game.
C) tit-for-tat strategic behavior.
D) opportunistic behavior.
C
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When the expected inflation rate? ________, the short?run Phillips curve? ________.
A. ?falls; shifts upward B. rises; shifts downward C. ?rises; shifts upward D. falls; does not shift E. rises; might shift upward or downward depending on how the long?run Phillips curve shifts
If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force participation rate is
A) 78.6 percent. B) 71.4 percent. C) 64.3 percent. D) 66.6 percent.
Given the data provided in the table below, what will the amount of profit be for production at quantity (Q) level 7?
a. -$10.00
b. $0.00
c. -$5.00
d. $1.00
The natural rate of unemployment (i) is the economy's desirable level of unemployment. (ii) cannot be affected by economic policy. (iii) is typically constant over time
a. (i) and (ii) only
b. (iii) only
c. (i), (ii), and (iii)
d. None of the above is correct.