In a simultaneous game,
A) players have the benefit of seeing the moves of others before they make their moves.
B) every player is looking forward and reasoning forward.
C) one player has to go first.
D) players do not have the benefit of observing the moves of other players before making their own.
D
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The economy's ability to coordinate economic activity is hindered by
A) auction prices. B) workers whose wages change quickly. C) sticky wages causing sticky prices. D) all of the above.
From 1980 to the mid 1990s the number of independent banking organizations in the United States
A) rose about 10%. B) stayed roughly constant. C) fell about 10%. D) fell about 35%.
How does a sterilized intervention by the Fed in foreign exchange market differ from an unsterilized intervention?
What will be an ideal response?
Leaving out spending on consumer durables, the LCH and the PIH strengthens the case for policy ________ and the essential ________ of the private economy
A) rules, stability B) rules, instability C) activism, stability D) activism, instability