In a three-player game, which of the following is not one of the player designations for a payoff matrix?
A) row
B) column
C) chapter
D) page
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
People acting in their own self-interest is the basis of the:
A. principle of supply and demand. B. principle of voluntary exchange. C. real-nominal principle. D. principle of scarcity.
A deficit in our balance of payments causes the dollar to __________, which causes the deficit to __________
A) appreciate; increase B) appreciate; decrease C) depreciate; increase D) depreciate; decrease