The table above shows the payoff matrix offered to two suspected criminals, Bonnie and Clyde. The payoffs are the years they will spend in prison. The suspected criminals are not allowed to communicate
Given the information in the payoff matrix, the Nash equilibrium is that Bonnie ________ and Clyde ________. A) confesses; denies
B) confesses; confesses
C) denies; denies
D) denies; confesses
E) denies; either confess or denies, either outcome is consistent with the Nash equilibrium.
B
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Suppose we have normally-sloped IS and LM curves intersecting at point A. Then a monetary policy change shifts the LM curve to the right. Directly below point A we find a point on the new LM curve that shows us
A) where the new IS-LM equilibrium occurs. B) how much the interest rate must fall to raise planned expenditures to the new equilibrium income. C) how much the interest rate must fall to by itself raise the demand for money by as much as the money supply has decreased. D) how much income must rise to by itself raise the demand for money by as much as the money supply has increased. E) how much the interest rate must fall to by itself lower the demand for money by as much as the money supply has decreased.
With respect to the stock market, the acronym IPO stands for
A) investment proposal option. B) immediate public offering. C) internal public offering D) initial public offering.
The Koyck distributed lag model is an example of:
A. a moving average model. B. an autoregressive conditional heteroskedasticity model. C. an infinite distributed lag model. D. a finite distributed lag model.
Output per worker hour is known as
A. potential output. B. labor productivity. C. per capita output. D. all of the above.