To improve your own bargaining position
a. decrease the value of your outside options
b. increase the value of your outside options
c. do not alter the value of your outside options
d. increase the value of your opponent's outside options
b
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The slope of the line in the above figure is
A) 8. B) 0.05. C) 0.125. D) 0.10.
A change that increases real money demand relative to the real money supply causes
A) the LM curve to shift down and to the right. B) the LM curve to shift up and to the left. C) the IS curve to shift down and to the left. D) the IS curve to shift up and to the right.
Appendix: Common value auctions with open bidding necessarily entail
a. asymmetric information b. ascending prices c. more than two bidders d. amendment of bids e. sealed final offers.
The natural rate of unemployment:
A. occurs at the economy's potential level of output. B. is zero. C. will cause a steady rise in the price level. D. All of these statements are true.