If the nominal interest rate is above its equilibrium value, then
A) the demand curve for money shifts rightward and the interest rate rises.
B) the demand curve for money shifts leftward and the interest rate falls.
C) people sell financial assets and the interest rate falls.
D) the supply curve of money shifts leftward and the interest rate rises.
E) people buy financial assets and the interest rate falls.
E
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In the labor negotiation game:
a. The payoffs are always higher if you accommodate b. The payoffs are always higher if your opponent accommodates c. The payoffs from accommodating are only higher if your opponent bargains hard d. The payoffs from accommodating are only higher if your opponent accommodates
Most less-developed countries have sufficient infrastructure in place to become a developed country
Indicate whether the statement is true or false
Consider the accompanying payoff matrix.
The dominant strategy for Row Resorts is to ________ , and the dominant strategy for Column Cruises is to ________ .
A. offer reduced rates; keep rates high B. keep rates high; offer reduced rates C. keep rates high; keep rates high D. offer reduced rates; offer reduced rates
Aggregate demand is the total quantity of output
A. Demanded at alternative price levels in a given time period. B. Consumers actually buy. C. Producers are willing and able to supply at alternative price levels. D. Demanded if the economy is in equilibrium.