The purchase of VCU2 by Tomas Tiergarten, a private resident,causes the nation's:
a. Monetary base to fall.
b. M2 money supply to fall.
c. M2 money multiplier to remain the same.
d. Monetary base to rise.
.C
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In a Cournot equilibrium, each firm chooses an output level that
a. maximizes joint profits. b. maximizes the price received. c. maximizes profits given what the other firm produces. d. maximizes revenue given what the other firm produces.
When a tax is placed on the sellers of cell phones, the size of the cell phone market
a. and the price paid by buyers both increase. b. increases, but the price paid by buyers decreases. c. decreases, but the price paid by buyers increases. d. and the price paid by buyers both decrease.
A dominant strategy exists for at least one player in every game
a. True b. False Indicate whether the statement is true or false
Name and discuss reasons for the development of labor unions in the United States.
What will be an ideal response?