The Nash equilibrium was named after
a. Tom Nash
b. John Nash
c. Robert Nash
d. Kelvin Nash
b
Economics
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If demand falls and supply falls, equilibrium price will _____ and equilibrium quantity will _____.
Fill in the blank(s) with the appropriate word(s).
Economics
A system in which the value of currency issued by the government is based entirely on public faith that the currency will be acceptable in trade is
A. a fiduciary system. B. a socialistic system. C. a private property system. D. a Gresham system.
Economics