Which of the followings does NOT describe the money market in the ISLM model?
A) money demand function
B) investment function
C) money market equilibrium condition
D) money supply
B
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If tax rates in a country increase, ________
A) the unemployment rate in the country will fall B) the gross domestic product of the country will decrease C) the country's expenditure on consumption will increase D) the aggregate price level of the country will rise
If interest rates in the European Union decrease
A) the demand for U.S. dollars will fall in the foreign exchange market. B) the supply of U.S. dollars will fall in the foreign exchange market. C) the demand for euros will fall in the foreign exchange market. D) nothing will change in the foreign exchange market.
Frequent substantial fluctuations in the exchange rate can ____________ international trade with an economy.
a. disrupt b. stabilize c. support d. encourage
When one strategy is always the best for a player to choose, regardless of what other players do, it is called:
A. collusion. B. the prisoner's dilemma. C. a Nash equilibrium. D. a dominant strategy.