The game of Matching Pennies
a. has no Nash equilibrium.
b. has a pure-strategy Nash equilibrium.
c. has a mixed strategy Nash equilibrium.
d. has multiple Nash equilibria.
c
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Shortly after the 2012 election, the AMT was reformed to
A. reduce the tax liabilities of the taxpayers with the lowest taxable incomes. B. index its thresholds for inflation. C. reduce the tax liabilities of the taxpayers with the highest taxable incomes. D. remove inflation.
The Fed began paying interest on reserves in October 2008 . Holding all else constant, what effect would this have on the money supply?
In an open? economy, if the federal government has a budget? deficit, the trade balance is more likely to be
A. a surplus. B. either a deficit or surplus; it depends on macroeconomic conditions. C. a deficit. D.balanced.
Assume there are only two goods in the economy, apples and bananas. In 2018, 2,000 apples were sold at $1 each and 8,000 bananas at $0.60 each. In 2019, the price of apples rose to $1.5 and the quantity rose to 2,200; the price of bananas rose to $0.80 and the quantity sold rose to 8,500. Calculate the GDP deflator in 2019 using 2018 as the base year.
What will be an ideal response?