Andrew is unfamiliar with any of the candidates positions, so he rolls a dice to decide who to vote for in the governor's election. This is an example of naive voting
Indicate whether the statement is true or false
FALSE
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Suppose the price level is unchanged and real GDP decreases. Then
A) nominal GDP must decrease. B) nominal GDP must remain unchanged. C) nominal GDP must increase. D) none of the above are true.
The purchase of a new house is included in
A) government purchases. B) investment expenditures. C) net exports. D) consumption expenditures.
The 1981 economic recovery act ________ net investment according to ________
A) greatly increased; Barry Bosworth B) decreased; Barry Bosworth C) increased; Martin Feldstein D) decreased; Martin Feldstein
Use the following statements to answer this question: I. If mixed strategies are allowed, every game has at least one Nash equilibrium. II. The maximin strategy is optimal in the game of "matching pennies."
A) Both I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) Both I and II are false.