If there is no pure strategy Nash equilibrium in a complete information game, there is a mixed strategy equilibrium, and if there is no mixed strategy equilibrium, there is a pure strategy equilibrium.
Answer the following statement true (T) or false (F)
True
Rationale: There is always an equilibrium to the game.
Economics
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Fiscal expansion
A) stimulates aggregate demand and causes output to decline. B) decreases aggregate demand and causes output to decline. C) stimulates aggregate demand and causes output to rise. D) decreases aggregate demand and causes output to rise. E) decreases government expenditures.
Economics
Structural unemployment is unemployment caused by:
A. temporary changes in jobs. B. discrimination. C. the time required to match employers and workers. D. a mismatch between worker skills and employer requirements.
Economics