Subjective probabilities
A. are often inaccurate.
B. are seldom used in management decisions.
C are usually identical to objective probabilities.
D. All of the above
A. are often inaccurate.
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Refer to Table 14-5. What is the Nash equilibrium in this game?
A) Both Ming and Henri offer free pickup and delivery. B) There is no Nash equilibrium. C) Henri offers free pickup and delivery, but Ming does not. D) Ming offers free pickup and delivery, but Henri does not.
In the above figure, assume the economy is in equilibrium at point d. Then the Fed decreases the money supply so that the new aggregate demand curve is AD1. In the long run, the new price level will be
A) 100. B) 120. C) 130. D) 110.
Personal income can never be greater than national income
Indicate whether the statement is true or false
Economists at the Congressional Budget Office estimated that for 2015, the U.S. natural rate of unemployment was
a. 2.8% b. 3,.6% c. 4.9% d. 6.2%