Which of the following statements about the real goods market is not true?
a. Among the most important factors influencing the shape of the aggregate supply curve is the nation's rate of resource utilization.
b. Among the key indicators that provide clues about where a nation is on its aggregate supply curve is the unemployment rate.
c. If the nation were near the Keynesian range, a strong increase in real GDP would be accompanied by relatively weak rise in the price index.
d. In the classical range, a significant increase in real GDP is accompanied by a relatively small increase in the price index.
e. All of the above are true.
.D
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If penalties are imposed only on buyers (but not on sellers) of marijuana, the equilibrium price of marijuana ________, and the equilibrium quantity of marijuana sold ________
A) rise; increase B) rise; decrease C) fall; increase D) fall; decrease
What is the Nash equilibrium of this game?
a. Both of them clean the apartment b. John cleans, Joe doesn't c. Joe cleans, John doesn't d. Neither of them clean the apartment