Nash equilibria:
a. always exist in pure strategies.
b. generally come in even numbers.
c. always exist in finite games.
d. all of the above.
c
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When the U.S. interest rate ________ relative to foreign interest rates, the supply of dollars ________ and the supply curve of dollars shifts rightward
A) rises; increases B) rises; does not change C) falls; decreases D) falls; increases E) rises; decreases
The expectations effect is the
A) increase in the interest rate brought on by an expected increase in Real GDP. B) increase in the interest rate due to a higher expected inflation rate. C) decrease in the interest rate due to an expected increase in the supply of loanable funds. D) idea that people form their expectations of inflation by considering all available information about past, present, and future inflation. E) idea that people form their expectations of inflation by considering only information about past inflation experience.
If the reserve ratio is 8 percent, then an additional $800 of reserves can increase the money supply by as much as
a. $6,400. b. $8,000. c. $12,500. d. $10,000.
The following data about a hypothetical economy are in billions of dollars.Personal Consumption Expenditures$4,500Consumption of Fixed Capital150Gross Private Domestic Investment800Government Purchases950Exports65Imports85Refer to the above data. Personal consumption expenditures are approximately what percent of GDP in this economy?
A. 67 percent. B. 75 percent. C. 70 percent. D. 72 percent.