Consider Figure 12.3. Which of the following statements is true?
A. Both David and Becky have a dominant strategy.
B. Neither David nor Becky has a dominant strategy.
C. David has a dominant strategy but Becky does not.
D. Becky has a dominant strategy but David does not.
Answer: A
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A decrease in expected profit
A) lowers the equilibrium real interest rate. B) decreases the supply of loanable funds. C) increases the supply of loanable funds. D) increases the demand for loanable funds. E) raises the equilibrium real interest rate.
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