This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Effectively managing aggregate demand in order to stabilize nominal GDP requires A) policy makers ... (Read 87 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Effectively managing aggregate demand in order to stabilize nominal GDP requires
 
  A) policy makers to know the size of the gap between current demand and demand at equilibrium.
  B) only that policy makers know what level of aggregate demand is necessary for full employment.
  C) successful economic forecasting.
  D) that nominal GDP be the same as real GDP.
  E) very little information about the economy because the market system is an efficient generator of high-quality information.

Question 2

Refer to the scenario above. Which of the following will happen in equilibrium if the game is played only once?
 
  A) Social surplus will be maximized.
  B) Tom will trust Harry and Harry will defect.
  C) Tom will trust Harry and Harry will cooperate.
  D) Neither of them will make any money.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

This woman requires a soft-food-only diet This woman requires a soft-food-only diet
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ... Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
How to evaluate third-order determinants by Minors Method (Question 2) How to evaluate third-order determinants by Minors Method (Question 2)
Higher-Order Conditioning Higher-Order Conditioning
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library