A dynamic game is a game
A) in which the players are highly animated.
B) that is sequential or repeated.
C) where the payoffs change frequently.
D) that has actions instead of strategies.
B
Economics
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Why have many developing countries pursued industry at the expense of agriculture? What has been the result of this strategy?
What will be an ideal response?
Economics
Which of the following assumptions is crucial to the classical model but not the Keynesian model?
a. The real wage always equals the marginal product of labor. b. Real wages are perfectly flexible. c. nominal wages are perfectly flexible. d. monetary policy primarily affects aggregate demand. e. both b and c.
Economics