The opportunity cost of holding money varies with the __________.
Fill in the blank(s) with the appropriate word(s).
interest rate
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Refer to Game Matrix IV. The Nash Equilibrium for the game is
Game Matrix IV
The following questions refer to the game matrix below.
Player A can play the strategies UP and DOWN and Player B can play the strategies LEFT and RIGHT.
a. UP, LEFT
b. UP, RIGHT
c. DOWN, LEFT
d. DOWN, RIGHT
Bayesian updating in a separating equilibrium implies the initially uninformed player will fully know what type he is playing when he has to make his move.
Answer the following statement true (T) or false (F)
Which of the following is an example of the bandwagon effect?
A) A larger cellphone consumer group makes a cellphone service more attractive. B) The more people use Facebook, the more attractive it is to consumers. C) With more broadband services, more high-definition webpages become available. D) All of the above.
Problems caused by stochastic trends include all of the following with the exception of
A) the estimator of an AR(1) is biased towards zero if it's true value is one. B) the model can no longer be estimated by OLS. C) t-statistics on regression coefficients can have a nonnormal distribution, even in large samples. D) the presence of spurious regression..