Refer to Figure 4.7. The game described in the payoff graph has the characteristics of a(n) ________ game
A) assurance
B) prisoner's dilemma
C) chicken
D) pure coordination
C
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During the 2008 financial crisis, banks restricted ________, and the M2 money multiplier ________
A) buying securities; increased B) lending; increased C) deposits; increased D) lending; decreased E) deposits; decreased
George is offered an investment option by his friend. He asks George for $6,900 and offers to repay him $12,990 after a period of ten years
George considers investing his money in his friend's project; however, the bank in his community offers an annual rate of interest of 9% on every deposit. Which do you think is the better investment option for George?
An economy is in long-run equilibrium when output equals potential output. Why is there no long-run equilibrium rate of "potential inflation"?
What will be an ideal response?
If a consumer purchases more of a product, then most likely the marginal utility of _____
a. that product decreases b. that product remains the same c. other products decrease d. other products increase e. that product increases