________ is a situation in which a firm or a player in game theory chooses the best strategy given the strategies chosen by others
a. Nash equilibrium
b. Dominant-strategy equilibrium
c. Prisoner's dilemma
d. Tit-for-tat
a
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Should the IMF be abolished? Discuss
What will be an ideal response?
Cost-push inflation occurs when the:
a. aggregate demand curve shifts leftward while the aggregate supply curve is fixed. b. aggregate supply curve shifts leftward while the aggregate demand curve is fixed. c. aggregate demand curve shifts rightward while the aggregate supply curve is fixed. d. aggregate supply curve shifts rightward.
Grace consumes two goods: iced tea and spaghetti. The price of iced tea is $2 per bottle. Her income is $500 per month. Grace spends all her income each month. She purchases 50 bottles of iced tea and 100 servings of spaghetti. What is the price of a serving of spaghetti?
a. $10 b. $5 c. $4 d. $2
If a bank has a required reserve ratio of 15% and has required reserves of $225,000,000 how much does the bank hold in deposits?
a. $33,750,000 b. $210,000,000 c. $240,000,000 d. $1,500,000,000