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