Cyclical unemployment depends on a country's historical and cultural heritage

Which of the following is true of the federal budget? a. The federal budget is a plan that describes a government's monetary policy for the current financial year

b. The federal budget is a plan that describes a government's fiscal policy for the current financial year. c. The federal budget is a plan that describes the president's take on the economy. d. The federal budget is a plan for federal government outlays and revenues for a specified period, usually a year. e. The federal budget is a plan that describes the eligibility criteria of the major entitlement programs taken up by Congress for the current financial year.

If Happy Feet chooses to No Ad, Best Nails should ________ and earn ________ million in net profit.

Happy Feet wants to prevent Best Nails from entering the nail salon market. The above game tree illustrates the different strategies and corresponding payoffs for the two firms. Both Happy Feet and Best Nails have the same strategies of advertising (Ad) or not advertising (No Ad). The payoffs represent net profit in millions.

A) Ad; $2 B) No Ad; $3 C) No Ad; $4 D) Ad; $3