The economy will not reach and maintain its goals of full employment and price stability unless the economy is

A. Below full employment and the price level is stable.
B. Above full employment and the price level is stable.
C. At full employment and the price level is stable.
D. None of the choices are correct.

Answer: C

Economics

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A dominant strategy ________

A) always results in equal payoffs to all the players in a game B) always results in zero payoff to the opponent C) results in a higher payoff irrespective of the strategy chosen by the other player D) always results in a lower payoff irrespective of the strategy chosen by the other player

Economics

If by purchasing more apples and fewer oranges you increase your total utility, then apples must be cheaper than oranges

Indicate whether the statement is true or false

Economics