Which of the following led a strong attack against mainstream macroeconomists during the 1970s?
A) Friedman and Phelps
B) Hicks and Hansen
C) Modigliani and Friedman
D) Lucas, Barro, and Sargent
D
Economics
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Income distribution in the United States over the past 40 years has become more equal
Indicate whether the statement is true or false
Economics
In a duopoly game we observe the following payouts: if the two firms collude they will each earn $50,000. If one firm cheats then he earns $60,000 and the other firm earns -$10,000. If both firms cheat then they each earn zero economic profit
In this game what is the Nash equilibrium? A) Both firms cheat. B) Only one firm will cheat. C) Neither firm will cheat. D) It is impossible to say.
Economics