According to Okun's law, if output grew 7% and full-employment output rose 5%, what would be the change in the unemployment rate?

Suppose we want to use game theory to analyze how an oligopolist selects its optimal price. The cells of the payoff matrix show

A) the strategy that a firm must pursue to earn various levels of profit. B) the profit that each producer can expect to earn by pursuing a single strategy. C) the expected profits of rival firms. D) the profit that each producer can expect to earn from every combination of strategies by the firms in the market.

Among marketable government securities, the largest dollar volume is in the form of

A) Treasury bonds. B) Treasury notes. C) Treasury bills. D) federal funds.