In the short run, an increase in the price level:
a. increases output prices relative to input prices.
b. increases the profit margins of many producers.
c. increases RGDP supplied

The spot exchange market is for ________ delivery, whereas a forward contract permits a firm to buy or sell currency for ________ delivery

A) future; immediate B) local; distant C) immediate; future D) long-term; short-term

An oligopoly using a maximin strategy must believe that the losses from underestimating a competitor’s skill are worse than those from overestimating it.

Answer the following statement true (T) or false (F)