A coordination problem usually occurs in situations where there is:
A. more than one Nash equilibrium.
B. a unique, secure strategy for both players.
C. no Nash equilibrium in a game.
D. a unique, but undesirable Nash equilibrium.
Answer: A
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In 2010 and 2011, President Obama advocated deficit reduction through decreased spending while Republicans in Congress advocated increased taxation to achieve the same goal
a. True b. False Indicate whether the statement is true or false
Monetary policy directed at expanding GDP growth would include the following?
A. Selling bonds and increasing the discount rate B. Buying bonds and increasing the discount rate C. Decreasing the discount rate and increasing the reserve requirement D. Decreasing the discount rate and buying bonds
A budget will
A) improve your credit standing so you can use borrowing to increase your current consumption. B) All of the above. C) help you focus on those expenditures that you value highly relative to cost. D) make it more attractive for you to buy a car every couple of years.
The price of a loaf of bread is $1.50, the price of a gallon of milk is $3.00, and the price of a pound of butter is $2.40. The price of a loaf of bread relative to a gallon of milk is ________, while the price of a gallon of milk relative to a pound of butter is ________.
A. 2.0; 0.8. B. 0.5; 1.25. C. 0.5; 0.8. D. 2.0; 1.25.