In the case of Alan Bakke, the courts ruled that preferential admissions (rigid quotas) were acceptable
Indicate whether the statement is true or false
F
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When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
A) shifts right. B) shifts left. C) does not shift. D) stays the same.
In game theory, when all players are playing their best strategy given what their competitors are doing, the result is a Nash equilibrium.
Answer the following statement true (T) or false (F)
If an individual redeems a U.S. savings bond for currency
A) M1 stays the same and M2 decreases. B) M1 increases and M2 increases. C) M1 increases and M2 stays the same. D) M1 stays the same and M2 stays the same.
When looking at a graph of nominal and real interest rates you notice that nominal rates always lie above real rates. From this you conclude
a. there were serious episodes of deflation in the time frame represented on the graph. b. consumer prices were always rising in the time frame represented on the graph. c. the economy never experienced a recession in the time frame represented on the graph. d. GDP was always increasing for the time frame represented on the graph.