If the interest elasticity of money demand is -0.1, by what percent does money demand change if the nominal interest rate rises from 2% to 3%?

In a repeated game, punishments that result in heavy damages are an incentive for players to adopt the strategies that result in a ________ equilibrium

A) contestable B) strategic C) cooperative D) winner-share-all

A game with a first-mover advantage is one in which:

A. the player who chooses first gets a higher payoff than those who follow. B. the player who chooses first gets to decide if a repeated game will start with cooperation from the beginning. C. the first player to move determines the payoffs for the rest of the game. D. None of these statements is true.