A. players are better of to act independently
B. monopoly is better than competition
C. people will always cheat
D. players are better off if they co-operate
A. barter
B. buy-back
C. counterpurchase
D. like-value-exchange
A. real balance effect
B. menu costs of inflation
C. money illusion.
D. cost-push inflation.
A. be reduced
B. not be affected
C. fall to zero
D. be increased
A. negative relationship between the inflation rate and labor demand
B. positive relationship between labor supply and the inflation rate
C. positive relationship between the inflation rate and the employment the
D. negative relationship between the inflation rate and the unemployment rate
A. equal to what a monopolist would choose in the same industry
B. between that which would prevail under competition and that which a monopolist would choose in the same industry
C. that would prevail under competition
D. between that which would prevail under competition and that which a monopolistic competitor would choose in the same industry.
A. Accepting public deposits
B. Granting loan and advances
C. Undertaking agency functions
D. Banker to the government