If Individual A and Individual B face a prisoner's dilemma, the ideal strategy is for:
a. Individual A to confess and Individual B to not confess.
b. Individual B to confess and Individual A to not confess.
c. both individuals to confess
d. both individuals to not confess.
d
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If the consumption function is C = 25 + 0.9y and income increases by $100, then consumer spending will increase by
A) $10. B) $25. C) $90. D) $115.
Which of the following has occurred as the millennial generation has come of age?
A) The demand for golf equipment has decreased in the U.S. market. B) The demand for traditional fast food has increased in the U.S. market. C) The demand for "fast casual" food has decreased in the U.S. market. D) all of the above
In addition to
a. performing financial intermediation, banks are important in that they help create a medium of exchange. b. serving as financial markets, mutual funds are important in that they help create a store of value. c. serving as stores of value, stocks and bonds also serve as media of exchange. d. All of the above are correct.
Suppose that the economy experiences an increase in the inflation rate at the same time that the unemployment rate decreases. This situation indicates a:
A. shift in the Phillips curve. B. movement along a vertical Phillips curve. C. movement along a negatively-sloped Phillips curve. D. movement along a positively-sloped Phillips curve.