Fiscal policy is the use of government spending and taxation to make changes in the level of national income
Indicate whether the statement is true or false
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If the CPI decreases from one year to the next, then the inflation rate is
A) negative. B) 0. C) below 100. D) above 100. E) positive.
The theory of optimal currency areas argues that social welfare is ________ when countries participate in ________
A) increased; a monetary union B) decreased; a monetary union C) increased; a managed float system D) decreased; policy coordination
Which of the following has tended to increase the competitiveness of markets in the United States during the last couple of decades?
a. increases in transport costs b. development of the Internet c. decreased competition from imports d. more government regulation of product quality
The potential for return to cooperation is greatest in:
A. simultaneous move games. B. sequential games. C. zero sum games. D. repeated games.