If the simultaneous game is instead changed into a sequential game where the shoplifter can see whether the security guard is vigilant or not before deciding to steal. What is the Nash equilibrium of the game?
a. Steal, Vigilant
b. Steal, Not vigilant
c. Not steal, Vigilant
d. Not steal, Not vigilant
c
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The more substitutable current consumption is with future consumption, the more likely it is that an increase in the interest rate will cause an increase in savings.
Answer the following statement true (T) or false (F)
Phillip owns some stocks of a pharmaceutical company. Of late, he is anticipating that the company will become bankrupt. He decides to find out more about the company's financial condition before selling the stocks
However, he tends to read only the blogs of investors who are expecting the company to become bankrupt. He soon makes up his mind and sells the stock just before its price reaches an all-time high. Phillips's behavior is an example of a(n) ________ bias. A) confirmation B) attentional C) attenuation D) distinction
The Agriculture Adjustment Act of the Roosevelt Administration attempted to boost prices of agriculture products by
a. increasing the money supply from year to year at a constant rate. b. decreasing the money supply through a policy of monetary contraction. c. increasing demand through lower taxes and budget deficits. d. reducing supply through the planned destruction of agricultural crops and livestock.
If the value of the consumer price index is 110 in 2005 and 121 in 2006, then the inflation rate is 11 percent for 2006
a. True b. False Indicate whether the statement is true or false