At each of the three points in the following graph, indicate whether planned aggregate expenditure is greater than, equal to, or less than GDP?
What will be an ideal response?
At point J, planned aggregate expenditure is greater than GDP.
At point K, planned aggregate expenditure is equal to GDP.
At point L, planned aggregate expenditure is less than GDP.
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Online companies gather personal information about the customers who shop on their Web sites and some of those companies will use the data to estimate price elasticities of the customers
Doing this is a way that these companies might be able to charge a higher price for a product to those customers who have a ________ price elasticity of demand. A) low B) high C) negative D) unitary
Sequential games are used to analyze
A) second-price auctions. B) cartels. C) situations in which one firm acts and other firms respond. D) firms that are subject to the prisoner's dilemma.