In the New Keynesian model, the central bank achieves its interest rate target
A) by announcing it.
B) by closing the output gap.
C) through money growth targeting.
D) by the supplying the quantity of money demanded at the target interest rate.
D
Economics
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There are currently N identical firms in a market. If it is a perfectly competitive market, the short-run market supply curve at any given price is
A) N times the supply of an individual firm. B) N - 1 times the supply of an individual firm. C) N plus the supply of an individual firm. D) It cannot be determined from the information provided.
Economics
If both players in a game have dominant strategies, we say that the game has:
A) a constant sum. B) a nonconstant sum. C) independence of irrelevant alternatives. D) an equilibrium in dominant strategies.
Economics