A rise in interest rates tends to contract the economy by appreciating the currency and reducing net exports.
Answer the following statement true (T) or false (F)
True
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The subgame-perfect equilibrium of a two-stage game in which firms first choose capacities and then engage in a Bertrand price setting game resembles the equilibrium in:
a. the competitive model. b. the Cournot model. c. the cartel model. d. the price leadership model.
Answer the following statement(s) true (T) or false (F)
1. Most societies share the same three major macroeconomic goals. 2. News of changes in unemployment figures has little effect on the stock market. 3. Unemployment begins to fall as soon as a recession ends. 4. The U.S. Department of Labor considers discouraged workers unemployed. 5. The unemployment rate varies between men and women.
The way a society uses scarce resources to satisfy its people's unlimited wants is called an economic
a. system b. utility c. incentive d. grid
Refer to the graph shown. The shift from SATC1 to SATC2 reflects:
A. diseconomies of scale. B. increasing marginal productivity. C. diminishing marginal productivity. D. economies of scale.