Optimal rollback strategies are most difficult in:
A. zero sum games.
B. sequential games.
C. simultaneous games.
D. repeated games.
Answer: C
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Higher interest rates caused by an increase in the price level creates:
A. an indirect negative relationship between the price level and investment spending. B. an indirect positive relationship between the price level and investment spending. C. the incentive for firms to invest more in new factories. D. the incentive for individuals to spend more on consumption goods.
A higher interest rate makes _____ less attractive. Therefore the quantity of loanable funds demanded decreases
Fill in the blank(s) with correct word
Gross Domestic Product is computed by using
A) base-year prices. B) wholesale prices. C) previous-year prices. D) current-year prices.
When net exports are negative, there is a trade ___________.
Fill in the blank(s) with the appropriate word(s).