Refer to Table 9-2. Assume the market basket for the consumer price index has two products — bread and milk — with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals

Refer to Figure 3.4. A Nash equilibrium is achieved at which cell(s) in the payoff matrix?

A) only at (North, North) B) only at (South, South) C) at both (North, North) and at (South, South) D) There is no Nash equilibrium.

The economy's money supply curve is vertical

a. True b. False