What is a Nash equilibrium? How is it different from a dominant strategy
The Nash equilibrium is a set of strategies where each firm (player) is said to be doing as well as it can given the actions of its competitors. With a dominant strategy, a firm (player) will do as well as it can regardless of the actions of its competitors.
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It is likely that a small increase in a country's saving rate will have
A) a large effect on per capita real GDP immediately because the increase in saving leads to a much larger rate of economic growth. B) a small effect on per capita real GDP many years later because the increase in saving will be offset in later years by a decrease in the saving rate. C) a small effect on per capita real GDP many years later because the increase in saving will have very little effect on the growth rate. D) a large effect on per capita real GDP many years later because the increase in saving leads to a slightly higher rate of economic growth which has large effects over time.
When we describe stock prices as following a random walk, we mean that future changes in stock prices are
A) unpredictable. B) increasing. C) decreasing. D) constant.
The longer the unemployment rate remains above the natural rate, the higher the natural rate. This theory is known as historical analysis
a. True b. False Indicate whether the statement is true or false
In 1791, Alexander Hamilton suggested
a. the abolishment of all state-chartered banks b. the creation of open market operations c. the creation of a nationally chartered bank d. the abolition of the money supply e. creative accounting to deny Revolutionary debt