Refer to the figure below. Player A can infer that Player B will: 
A. choose Right.
B. choose Left when A chooses Up and choose Right when A chooses Down.
C. Player A cannot infer anything about what Player B will do given this matrix.
D. choose Left.
Answer: D
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Which of these describes the real gross domestic product?
a. Gross domestic product from which depreciation costs have been deducted b. Gross domestic product that has been adjusted for changes in the price level c. Gross domestic product from which taxes have been deducted d. Gross domestic product that has been adjusted for changes in exchange rate e. Gross domestic product that has been adjusted for changes in interest rates
Suppose the following: (1 ) the wage rate rises, (2 ) the interest rate rises, (3 ) any change in AD is greater than any change in SRAS. Based on this information, in the short run Real GDP will __________ and the price level will __________
A) rise; rise B) fall; rise C) fall; fall D) rise; fall
The Fed decreases reserves if it conducts open market
a. purchases or auctions term credit. b. purchases but not if it auctions term credit c. sales or auctions term credit d. sales but not if it auctions term credit
If Rhonda wants to help her country’s economy grow, she will see the best results by encouraging her leaders to invest in ______.
a. cars b. education c. household appliances d. sports equipment