The difference between traditional theories of the business cycle and real business cycle theory is the
a. emphasis they place on the government's role in the economy
b. ideas they hold about the importance of investment in influencing the economy's growth path
c. ideas they hold about the importance of technology in influencing the economy's growth path
d. emphasis they place on the timing of the cycle
e. way they define GDP and full employment, which means they describe the same events quite differently
A
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P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
In the equilibrium of this game:
A. both stations will air sitcoms. B. QRS-TV will air a reality show and P-TV will air a sitcom. C. both stations will air reality shows. D. QRS-TV will air a sitcom and P-TV will air a reality show.
Today, the number of commercial banks in the United States is about
a. 14,800. b. 21,000. c. 3,000. d. 5,600.
Suppliers who are kept out of the market generally do not retaliate because:
A. they aren't hurt by the restriction. B. the costs of organizing and lobbying exceed the expected gains. C. government prevents them from organizing. D. the costs of organizing are higher than those of demanders.
Under the gold standard of a century ago, the world’s commerce
A. nearly collapsed before the beginning of World War I. B. was at the mercy of gold discoveries. C. grew steadily without interruption from monetary disturbances. D. grew when the gold stock grew slowly, and shrank when gold discoveries increased.