If private investment of $100 is added to the economy, the equilibrium levels of income and consumption will change in which of the following ways?
A) Increase/Decrease
B) Increase/Increase
C) Increase/No change
D) No change/Increase
E) No change/No change
Ans: B) Increase/Increase
Economics
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Which of the following is not a characteristic of a chicken game?
A) Neither player has a dominant strategy. B) Nash equilibria exist at every outcome where the players successfully coordinate. C) The two general outcomes are where players either coordinate with one another or they do not. D) When both players play their tough strategy, they each receive their best possible payout.
Economics
An economy is experiencing a recession and policymakers are considering using discretionary fiscal policy to eliminate the recessionary ga
What will be an ideal response?
Economics