Which of the following trends is most likely the result of an expansionary monetary policy?
a. The demand for both costume jewelry and expensive jewelry rises.
b. The demand for both economy cars and luxury cars drops.
c. The demand for fast food drops, but the demand for gourmet food rises.
d. The demand for cheap concert seats rises, but the demand for expensive seats drops.
a. The demand for both costume jewelry and expensive jewelry rises.
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As a result of the 2007-2009 financial crisis, which two firms became bank holding companies, allowing them to engage in commercial banking activities?
A) Lehman Brothers and Merrill Lynch B) Freddie Mac and Fannie Mae C) Morgan Stanley and Goldman Sachs D) Enron and WorldCom
What is true about dominant strategies in the game in Scenario 13.9?
A) "Pollute" is a dominant strategy for both firms. B) "Pollute" is a dominant strategy for Lago only. C) "Don't Pollute" is a dominant strategy for both firms. D) "Don't Pollute" is a dominant strategy for Lago only. E) There are no dominant strategies.