The government's economic programs and policies in the United States _____
a. are determined mostly by professional economists
b. are largely determined by looking at what other countries are doing
c. are a product of a democratic political system
d. are largely determined by corporations
c
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The payoff matrix shows all of the following EXCEPT
A) if both oligopolists choose a high price, each makes $6 million. B) if they both choose a low price, each makes $4 million. C) if one chooses a low price and the other doesn't, the low priced firm will make $8 million. D) if one oligopolist chooses a high price and the other doesn't, the high-priced firm makes $8 million.
If potential output is unknown:
A. factor prices are more likely to change. B. we can still determine how the short-run aggregate supply curve will shift. C. we cannot determine precisely how the short-run aggregate supply curve will shift. D. factor prices are less likely to change.
Exhibit 8-2 Consumption function
As shown in Exhibit 8-2, dissaving occurs:
A. at $5 trillion. B. between 0 and $4 trillion. C. where disposable income is greater than $4 trillion. D. at $8 trillion.
What does the slope of the credit supply curve imply? When do movements along a credit supply curve occur?
What will be an ideal response?