Asymmetric information problems are less severe the __________ the borrowing firm, since there is __________ publicly available information about those firms

The game theory approach to the analysis of oligopoly assumes that oligopolists

a. ignore their interdependence. b. behave with little forethought. c. do not take their businesses seriously. d. act strategically.

Assuming that the increase in the value of the dollar in the foreign exchange market has a greater impact on aggregate demand than on aggregate supply, an increase in the United States budget deficit will raise Real GDP

A) more in an open economy than in a closed economy. B) more in a closed economy than in an open economy. C) to the same level irrespective of whether it is a closed or an open economy. D) none of the above (i.e. Real GDP will decrease)