The development of game theory was the work of
a. Joan Robinson and Edward Chamberlin.
b. John von Neumann and Oskar Morgenstern.
c. Wassily Leontief and Joseph Schumpeter.
d. John Maynard Keynes.
b
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As GDP falls, automatic stabilizers run the federal budget in a deficit direction
a. True b. False Indicate whether the statement is true or false
Qualifying for admission to the Eurozone requires a nation to:
A) petition for membership with the European parliament. B) demonstrate a commitment to democratic principles and take an antiterrorist stance. C) peg its exchange rates to the euro and demonstrate fiscal responsibility for a length of time. D) join the IMF and the UN, and be recommended by other members.
Currently, union membership in the United States is about what percentage of civilian employees?
A. 10 percent. B. 15 percent. C. 20 percent. D. 25 percent.
Refer to the graph below. Assume that the economy is in initial equilibrium where AD1 intersects ASLR1. If the economy experiences a change in technology that increases productivity and resources, then real-business-cycle theory would suggest that this macroeconomic instability would eventually produce a new equilibrium at point:
A. B
B. C
C. D
D. E