Which nations does the acronym BRIC stand for?

Which of the following is not a characteristic of a chicken game?

A) Neither player has a dominant strategy. B) Nash equilibria exist at every outcome where the players successfully coordinate. C) The two general outcomes are where players either coordinate with one another or they do not. D) When both players play their tough strategy, they each receive their best possible payout.

The ________ hypothesis suggests that errors in forecasting future inflation rates are due to random, unpredictable events.

A. chaos-theory B. stagflation C. rational-expectations D. Friedman