What is the Nash equilibrium of this simultaneous game?
a. Steal, Vigilant
b. Steal, Not vigilant
c. Not steal, Vigilant
d. The game has no Nash equilibrium
d
Economics
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When we export goods to foreign countries, we
A) receive payments from the rest of the world. B) make payments to the rest of the world. C) increase our inflation rate. D) decrease our inflation rate.
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"Fluctuations in exchange rates, other things remaining the same, creates a situation in which money buys the same amount of goods and services in different currencies
" What does the previous statement describe? Will these fluctuations occur in the short run or the long run?
Economics