Which of the following equations is most likely to represent short-run aggregate supply according to the misperceptions theory?
A) Y = 6000
B) Y = 6000 + 50(P - Pe)
C) P = 2
D) PY = 12,000
B
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Whether a dominant strategy is an optimal strategy for a firm depends upon the actions of competitors
a. True b. False Indicate whether the statement is true or false
During the financial crisis of 2007-2009, why did the Federal Reserve begin to utilize various types of unconventional monetary policy?
a. the federal funds rate had already been increased as much as possible b. the discount rate had already been increased as much as possible c. the federal funds rate had already been reduced to zero d. the discount rate had already been reduced to zero
The Board of Governors of the Federal Reserve System is the key decision maker for monetary policy.
a. true b. false
When network externalities are present, the market demand for the good in question becomes:
A.unit elastic. B. less elastic. C. more elastic. D. perfectly inelastic.