Gross Domestic Product is a monetary measure of

A Nash equilibrium occurs if ________

A) each player chooses strategies that are mutual best responses B) each player chooses his or her dominant strategy C) each player chooses only a pure strategy D) each player chooses only a mixed strategy

Increases in the fraction of national debt held by foreigners _____ the burden of debt service on future generations _____

a. decrease; because it is easier for the borrowing nation to default on the debt b. decrease; but may make the country more vulnerable to foreign intervention c. decrease; because debt servicing accomplished by increases in the money supply is not as inflationary as it would be if all debt were held domestically d. increase; because taxes to repay the debt are collected within the country but more interest payments on the debt are sent outside e. increase; because foreign bondholding pushes up interest rates at the date of issue, increasing crowding out