If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent?

The advantage of game theory is that it allows us to focus on the

a. individual firm's incentives to cooperate or not b. relationship between the market and firm level demand curve c. costs and benefits d. government regulators and the firms in an industry e. models where there are no barriers to entry

Which of the following is correct? When the expected amount supplied exceeds the expected amount demanded, then:

a. Inventories rise, unemployment tends to rise, and prices tend to fall. b. Inventories rise, unemployment tends to fall, and prices tend to rise. c. Inventories fall, unemployment tends to rise, and prices tend to rise. d. It is impossible for these two to be unequal. e. The nation's economy expands.