In a repeated prisoner's dilemma, players:
A. can sustain cooperation by employing a tit-for-tat strategy.
B. always play their dominant strategy.
C. never learn to play their dominant strategies.
D. can sustain cooperation by playing their dominant strategy.
Answer: A
Economics
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The multiplier measures the
A) number of steps it takes to move from one equilibrium to another. B) rise in saving resulting from a rise in income. C) marginal propensity to invest. D) rise in equilibrium GDP resulting from a one dollar rise in planned autonomous expenditures.
Economics
When Macroland's central banking authority reduces the legal reserve requirement by one half, the potential demand deposits will double
Indicate whether the statement is true or false
Economics