The Matching Pennies game is an example of a:
A) constant-sum game.
B) nonconstant sum game.
C) game with an equilibrium in dominant strategies.
D) none of the above
A
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Suppose a player in a sequential game has 2 potential decision nodes, with 5 possible actions at each node. Then he has 25 possible pure strategies.
Answer the following statement true (T) or false (F)
Consumer protection legislation includes legislation to
A) reduce discrimination in credit markets. B) require banks to make loans to everyone who applies. C) reduce the amount of interest that bank's can charge on loans. D) require banks to make periodic reports to the Better Business Bureau.
Suppose an increase in government spending stimulates real GDP without affecting the price level. What is the relevant range of the aggregate supply curve in this case?
a. The classical range. b. The intermediate range. c. The Keynesian range. d. The monetarist range.
If the government were to increase its spending, it would expect:
A. aggregate demand to shift to the right. B. aggregate demand to shift to the left. C. aggregate supply to shift to the right. D. aggregate supply to shift to the left.