Companies cannot avoid prisoner dilemmas
Indicate whether the statement is true or false
False
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When inflation rises, people
a. make less frequent trips to the bank and firms make less frequent price changes. b. make less frequent trips to the bank while firms make more frequent price changes. c. make more frequent trips to the bank while firms make less frequent price changes. d. make more frequent trips to the bank and firms make more frequent price changes.
Which of the following accurately contrasts consumption and investment?
a. Investment is a much larger component of aggregate demand than consumption. b. Consumption involves government purchases, whereas investment involves household purchases. c. Consumption includes purchases by households, whereas investment includes purchases by firms. d. Investment is more influenced by disposable income than is consumption.