Refer to Figure 10.1. If two lights are installed, the person who was not responsible for the light being installed receives a payoff of

A) 4.
B) 6.
C) 8.
D) 12.

D

Economics

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Suppose that IS and LM intersect at full-employment output. A leftward shift of IS will be followed by a __________ price level that shifts LM to the __________ in a return to full employment

A) rising; right B) rising; left C) falling; right D) falling; left

Economics

Examples of command economies are:

A. the United States and Japan. B. Sweden and Norway. C. Mexico and Brazil. D. Cuba and North Korea.

Economics