Cutting the poor off welfare is
A. the liberal position.
B. the conservative position.
C. both the liberal and the conservative position.
D. neither the liberal nor the conservative position.
B. the conservative position.
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You are at a sports memorabilia convention and you are the last of 100 people chosen to have your picture taken with either Joe Montana or Nolan Ryan
Your payoff depends on how quickly you can have your picture taken, as you have many other things you want to see at the convention. You have no preference with whom you have your picture taken, and since you were the last chosen you will be the last person in line to get your picture taken with the sports legend you select. Identify all the Nash equilibria in this game and explain your reasoning.
An unanticipated decline in investment demand within the new classical model will cause
a. the price level to fall with no effect on output. b. output to fall with no effect on the price level. c. both the price level and output to fall. d. no change in either the level of price or output.
Which of the following measures of fit penalizes a researcher for estimating many coefficients with relatively little data?
A. Adjusted R-square B. R-square C. t-statistic D. Neither the t-statistic, the R-square, nor the adjusted R-square
What happens as the interest rate rises?
A. Planned investment spending also rises. B. The opportunity cost of using retained earnings to finance investment spending rises. C. Planned investment spending remains constant since it depends on profit projections not interest rates. D. The number of profitable investment opportunities declines.