Refer to Table 8-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2015 equals

Refer to Figure 13-2. Ceteris paribus, an increase in the price level would be represented by a movement from

A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.

A dynamic game is a game

A) in which the players are highly animated. B) that is sequential or repeated. C) where the payoffs change frequently. D) that has actions instead of strategies.