To draw your budget line between steak and lobster, all you need to know is the price of a steak and the price of a lobster
Indicate whether the statement is true or false
FALSE
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Refer to the scenario above. If the players have to pay a fairness penalty of $7,000, ________
A) this game will no longer have a Nash equilibrium B) this game will have two Nash equilibria C) Nash equilibrium will occur when Mathew chooses bad and Peter chooses good D) Nash equilibrium will occur when Mathew chooses good and Peter chooses bad
Expansionary fiscal policy is likely to lead a nation's currency to depreciate
Indicate whether the statement is true or false
By downsizing, a firm attempts to operate on a smaller scale of operation
Indicate whether the statement is true or false
If no fiscal policy changes are implemented to fight inflation, suppose the aggregate demand curve will exceed the current aggregate demand curve by $900 billion at any level of prices. Assuming the marginal propensity to consume is 0.90, this increase in aggregate demand could be prevented by:
A. increasing government spending by $500 billion. B. increasing government spending by $140 billion. C. decreasing taxes by $40 billion. D. increasing taxes by $100 billion.