To discourage future breakdowns in cooperation in a repetitive game, ______.
a. oligopolists should place penalties in the game
b. oligopolists should allow a flexible boundary on output.
c. oligopolists should allow flexibility in prices.
d. oligopolists should decrease the number of firms in a cartel.
a
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Tax expenditures can be viewed as government spending through the tax code
a. True b. False
Investment spending at any level of national income is the investment producers
a. actually make b. expected to make c. expect to make d. make net of actual investment e. intend to make
To calculate the monetary base, one must:
a. Add currency held both inside financial institutions and outside financial institutions to deposits at the central bank. b. Subtract currency in circulation from financial institutions' reserves. c. Sum all financial institutions' reserves, because financial institutions' reserves and the monetary base are two terms meaning the same thing. d. Subtract from financial institutions' reserves all deposits held with the central bank. e. None of the above.
Given the market rate of interest, the present value of $10,000 to be received after a period of 5 years
A. will be more than the present value of $10,000 to be received after a period of 4 years. B. will be less than the present value of $10,000 to be received after a period of 6 years. C. will be more than the present value of $10,000 to be received after a period of 6 years. D. will be the same as the present value of $10,000 to be received after a period of 6 years.