Is this Nash equilibrium efficient?
a. Yes, because the sum of payoffs is highest
b. No, because both the parties can do better
c. No, because both the parties are maximizing their profits
d. All of the above
a
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The investment demand curve is drawn with the ________ on the horizontal axis and the ________ on the vertical axis.
A. expected rate of return and interest rate; amount of investment B. amount of investment; disposable income C. amount of investment; expected rate of return and interest rate D. disposable income; amount of investment
Steel workers laid off from their jobs as the result of a recession are considered
A) seasonally unemployed. B) cyclically unemployed. C) frictionally unemployed. D) structurally unemployed.
Explain the Keynesian theory of money demand. What motives did Keynes think determined money demand? What are the two reasons why Keynes thought velocity could NOT be treated as a constant?
What will be an ideal response?
Household spending on goods and services amounts for what percentage of GDP?
a. 30 b. 50 c. 70 d. 90