If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Price index rises, and the change in real GDP is uncertain.
b. Price index falls, and real GDP rises.
c. The change in price index is uncertain, and real GDP rises.
d. The change in price index is uncertain, and real GDP falls.
e. Price index falls, and the change in real GDP is uncertain.
.D
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Cheap talk
A) is never credible. B) is illegal. C) generally affects the game's payoffs. D) can be credible when both firms have an incentive to be truthful.
Under the non-strategic view of bargaining, the terms of agreement are determined by
a. Your opponent's outside options b. Your outside options c. Your opponents gain from agreement d. All of the above
The human-capital theory of education maintains that workers who complete specific levels of education enhance their productivity through education
a. True b. False Indicate whether the statement is true or false
The interest rate that banks are charged when they borrow reserves from other banks is the
A. AAA corporate bond rate. B. prime rate. C. commercial paper rate. D. federal funds rate.