A horizontal long-run industry supply curve occurs under conditions of

a. economies of scale
b. diseconomies of scale
c. monopoly
d. increasing costs
e. constant costs

E

Economics

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If the Fed is concerned about inflation, its actions ________ long-term interest rates so that investment ________ and net exports ________

A) lower; increases; decrease B) raise; decreases; decrease C) lower; increases; increase D) raise; increases; increase E) lower; decreases; decrease

Economics

In the film A Beautiful Mind, each of the three characters, Nash, Sol, and Bender, played a game where each preferred pursuing the blonde while the other two players pursued brunettes, so each preferred a different equilibrium

Also, no player had a dominant strategy in this game. Based on this, explain which of the 5 game archetypes their game did and did not represent.

Economics