Evidence concerning hyperinflation indicates a clear link between the money supply and the price level for
a. Austria in the 1920's.
b. Hungary in the 1920's.
c. Poland in the 1920's.
d. All of the above are correct.
d
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Use the IS—LM model to determine the effects of each of the following on the general equilibrium values of the real wage, employment, output, the real interest rate, consumption, investment, and the price level
(a) Tougher immigration laws reduce the working-age population. (b) There's increased volatility in the prices of stocks and bonds. (c) The government tries to achieve tax equity by an increase in the corporate tax rate. (d) Increased computerization reduces stock market brokerage costs.
A trigger strategy
A) is always a dominant strategy. B) is used to punish the player that reneges on agreements. C) is used to reward the player that never reneges on agreements. D) is a best response whenever all players cooperate.