In the above table, the trade balance on goods and services for Country X is ________ billion dollars

Refer to the scenario above. Which of the following will happen in equilibrium if the game is played only once?

A) Social surplus will be maximized. B) Tom will trust Harry and Harry will defect. C) Tom will trust Harry and Harry will cooperate. D) Neither of them will make any money.

When economists and policymakers refer to the Fed's dual mandate, they are referring to:

A) price and exchange rate stability. B) price stability and maximum employment. C) moderate long-term interest rates and maximum employment. D) price stability and moderate long-term interest rates.