The Employment Act of 1946 was an outgrowth of the Great Depression.

In a two-person repeated game, a tit-for-tat strategy starts with

a. cooperation and then each player mimics the other player's last move. b. cooperation and then each player is unresponsive to the strategic moves of the other player. c. noncooperation and then each player pursues his or her own self-interest. d. noncooperation and then each player cooperates when the other player demonstrates a desire for the cooperative solution.

Generational accounting refers to the

A. net tax rate of each generation, given the taxes they will pay, and the benefits they will receive. B. benefits received by each generation. C. tax rates paid by each generation. D. wealth of the old versus the wealth of the young.