The aim of supply-side economics is to:
a. increase government spending to stimulate aggregate supply
b. stimulate exports to increase the balance of payments.
c. decrease wages to make production cheaper.
d. lower taxes to increase the supply of resources.
e. reduce both the inflation and unemployment problems through increases in taxes.
d
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If the payoff to the United States to pursuing nuclear weapons is 100 if the USSR does not pursue nuclear weapons and 50 if the USSR does, and the payoff to the USSR to pursuing nuclear weapons is 80 if the USA doesn't pursue nuclear weapons and 30
if the USA does, what is the non-cooperative equilibrium? A) The USA pursues nuclear weapons, the USSR does not. B) The USA pursues nuclear weapons, the USSR pursues nuclear weapons. C) The USA does not pursue nuclear weapons, the USSR does not pursue nuclear weapons. D) The USA does not pursue nuclear weapons, the USSR does pursue nuclear weapons.
Economists in the field of industrial organization study how
a. central banking policies affect financial markets. b. firms' demand for labor and individuals' supply of labor affect resource markets. c. firms' decisions about prices and quantities depend on market conditions. d. externalities and public goods affect the environment.