The recessionary gap of the 1990s in Japan led to decreases in the price level
a. True
b. False
Indicate whether the statement is true or false
True
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The most liquid securities traded in the capital market are
A) corporate bonds. B) municipal bonds. C) U.S. Treasury bonds. D) mortgage-backed securities.
Barometric price leadership can occur when oligopolistic firms
A) compete on the basis of differentiated products. B) want to avoid price competition and violating antitrust laws. C) try to enforce cartel agreements. D) All of the above
Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) Best Treats Do Not Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
B) Best Treats Introduce and Healthy Snacks Introduce is a Nash equilibrium.
C) There are no Nash equilibria in this game.
D) Best Treats Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
Aggregate supply is the:
A. total quantity of the production of all the households in the economy. B. total quantity of goods and services demanded in the economy. C. market value of the total quantity of goods and services demanded in the economy. D. market value of the total quantity of goods and services supplied in the economy.