The equilibrium of this game indicates

a. Self-interest can sometimes lead to sub-optimal outcomes
b. Rationality can sometimes lead to inefficient outcomes
c. All of the above
d. None of the above


c

Economics

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As the dollar exchange rate, e, increases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.

A. decreases; increases B. increases; increases C. decreases; decreases D. increases; decreases

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The long-run real interest rate is the long-run nominal interest rate ________

A) minus inflation expectations B) plus all taxes C) plus inflation expectations D) minus all taxes

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Real GDP per capita and other alternative measures of the quality of life are:

a. independent. b. directly correlated. c. poorly correlated. d. inversely related.

Economics

Since the cross elasticity of demand between hamburger patties and cheese is negative, these are ________ goods.

A. complementary B. substitutable C. normal D. both complementary and substitutable

Economics