Refer to the figure below. If Jess chooses A, then Cory's best response is: 
A. to choose A.
B. to choose B.
C. to choose the cell in which Cory's payoff is 10.
D. non-existent.
Answer: A
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Monetarists argue that government deficits financed by monetary expansion cause(s)
A) velocity to increase. B) aggregate demand to increase. C) aggregate demand to decrease. D) no change in aggregate demand or aggregate supply.
If the government were to reduce its spending, it would be enacting:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. a budgetary crisis intervention. D. expansionary budgetary policy.
The reason that inflation rarely harms workers is that
a. wages rise at the same time prices rise. b. wages fall when prices rise. c. nominal income falls as prices rise. d. the minimum wage rate automatically rises when the price level rises.
Mr. Frank, a foreman supervisor some 43 employees, was asked by his secretary to sign a form requesting additional supplies needed on the factory floor. He was not careless when he examined the form, but his secretary had cleverly arranged the signature line so that instead of signing a request form for supplies he signed a cheque payable to his secretary. What plea, if any, would be used to defend against her action on the cheque?
a. Mistake b. Illegality of object c. Rescission d. Non est factum e. Rectification