Games:
A. must have a dominant strategy present to reach a stable equilibrium.
B. may have several stable outcomes.
C. with noncooperative equilibriums are always negative-negative outcomes.
D. only have one outcome possible.
Answer: B
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Which of the following is an ultimate objective of the Federal Reserve?
A) Real GDP growth B) M1 growth C) M2 growth D) Low interest rates
A consequence of an incentive contract for employees is that
a. employees must incur additional risk b. employee level risk is reduced c. employer level risk is reduced d. there are no risk related consequences
Which group of countries benefits most from trade?
a. low-income countries b. low- and medium-income countries c. high-income countries d. medium- and high-income countries
If velocity remains relatively constant, changes in the money supply can have a predictable effect on nominal GDP.
Answer the following statement true (T) or false (F)