Refer to the diagram, in which C 1 is the before-tax consumption schedule. Other things being equal, the economy would enjoy the greatest built-in stability with consumption schedule:
A. C 1 .
B. C 2 .
C. C 3 .
D. C 4 .
D. C 4 .
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In Figure 3-4 above, the shift from Ap0 to Ap1 could have been caused by a ________ in T of ________
A) fall, 300 B) fall, 180 C) fall, 500 D) rise, 300 E) rise, 500
The economic boom of the 1990s was caused in part by:
a. Jimmy Carters efficient administration. b. sub-prime lending. c. an investment boom as the use of personal computers and the Internet became ubiquitous. d. All of the above are correct. e. Only a and c are correct.
The largest percentage of the national debt is held by
a. foreigners b. the Federal Reserve c. U.S. individuals d. commercial banks e. federal government agencies and trust funds
Answer the next question based on the following payoff matrix for two oligopolistic firms in which the numbers indicate the profit in millions of dollars for each firm. Firm A? High PriceLow PriceFirm BHigh priceA = $250A = $325??B = $250B = $200?Low priceA = $200A = $175??B = $325B = $175If the two firms collude to maximize joint profits, there will be
A. no incentive for either firm A or firm B to cheat. B. an incentive for firm B to cheat and earn more if firm A does not switch strategies. C. an incentive for firm A to cheat and earn more if firm B does not switch strategies. D. incentives for both firm A and firm B to cheat.