Find the SPE of the following game. (Note: the game is the same as before except that this has no red circle). 5 6 R (2 93 9 1 ○ (Rlr,dr) ○ (Rr,dr) (Rrl,dr) (Rr,r) N r

Exercise D21 What are some reasons that the economy might be in a recession, and what is the appropriate government action to alleviate the recession?

Exercise A4 Why is a bar chart the best way illustrate comparisons?

Exercise A1 Name three kinds of graphs and briefly state when is most appropriate to use each type of graph.

If a government gains from unexpected inflation when it borrows, why would it choose to offer indexed bands?

What is an externality?

Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where X=timeperiod(months);January2002=0 N=monthlybedneeds Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: Forecast Metropolitans bed demand for January, April, July, November, and December 2007. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?

Exercise B6 What is a substitution effect?

Exercise D11 Why does the import function slope down? What is the marginal propensity to import?

Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?