What is the Nash equilibrium of this simultaneous game?
a. Steal, Vigilant
b. Steal, Not vigilant
c. Not steal, Vigilant
d. The game has no Nash equilibrium
d
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If the Federal Reserve increases the money supply, then initially there is a
a. shortage in the money market, so people will want to sell bonds. b. shortage in the money market, so people will want to buy bonds. c. surplus in the money market, so people will want to sell bonds. d. surplus in the money market, so people will want to buy bonds.
The money supply in Macroland is currently 2,500, bank reserves are 200, currency held by public is 500, and banks' desired reserve-deposit ratio is 0.10. Assuming the values of the currency held by the public and the desired reserve-deposit ratio do not change, if the Central Bank of Macroland wishes to increase the money supply to 3,000, then it should conduct an open-market ________ government bonds.
A. sale of 50 B. sale of 500 C. purchase of 250 D. purchase of 50
In the United States, the wealthiest 10 percent of households earns approximately what share of total income?
A. 5% B. 80% C. 30% D. 10% E. 50%
You and your sister are splitting a pizza. You cut it in half and your sister selects her half first. Thus, you cut it into two equally sized pieces. This is an example of
A. communism. B. utilitarian justice. C. Rawlsian justice. D. a public good.