Cyclical unemployment is the result of the business cycle
a. True
b. False
Indicate whether the statement is true or false
True
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A decision tree is used when modeling:
A. simultaneous decisions. B. any type of game. C. games in which timing matters. D. a prisoner's dilemma.
Excess reserves are equal to
A) the sum of desired reserves plus any reserves that are more than are required. B) actual reserves minus desired reserves. C) actual reserves plus desired reserves. D) desired reserves minus actual reserves.
Refer to Figure 11-4. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from
A) A to E. B) B to A. C) D to B. D) E to B.
Refer to Figure 15-15. Erickson Power is a natural monopoly because
A) average total cost is still declining when it intersects demand. B) of its continually declining marginal revenue curve as output rises. C) it is a power company and all power companies are natural monopolies. D) its marginal cost lies entirely below its long-run average cost.