Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:

Historically, realists have viewed competition over resources as

a. a major cause of war. b. a method for solving collective action problems. c. an exploitation of developing countries. d. a way for poor nations to raise their standard of living.

Economists call a game that is played more than once:

A. cooperative price play. B. a repeated game. C. collusion. D. a commitment strategy.