Refer to Figure 8.1. The Nash equilibrium is found where Charla plays ________ and where Mirna plays ________
A) Install; Install
B) Install; Don't Install
C) Don't Install; Install
D) Don't Install; Don't Install
D
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Suppose the price level is unchanged and real GDP decreases. Then
A) nominal GDP must decrease. B) nominal GDP must remain unchanged. C) nominal GDP must increase. D) none of the above are true.
The difference between the monetarist and Keynesian views on discretionary monetary policy is that the monetarists
a. believe monetary policy is a stabilizing force and Keynesians believe it is primarily destabilizing. b. Keynesians think that monetary policy is always used effectively. c. believe monetary policy is a destabilizing force and Keynesians believe it is potentially stabilizing. d. favor "fine tuning" the economy by use of monetary policy while the Keynesians do not.
In order to encourage domestic saving, it is necessary to have:
a. a laissez faire economy. b. a balanced fiscal budget. c. a large number of government subsidies. d. a stable system of property rights. e. a highly developed banking system.
Suppose the reserve requirement is 5 percent. How much would reserves need to be initially increased to eventually increase the money supply by 1,000?
A. 500 B. 250 C. 50 D. 25