An economic expansion leads to ________ needs-tested spending and ________ induced taxes

Define the natural rate of unemployment and cyclical unemployment

Refer to the figure below. When Row Resorts and Column Cruises both play their dominant strategy:

A. Column Cruises earns a higher profit than does Row Resorts. B. both firms do better than if they had both played their dominated strategy. C. both firms do worse than if they had both played their dominated strategy. D. Row Resorts earns a higher profit than does Column Cruises.