According to the data, was the stock-market crash of 1929 the primary cause of the Great Depression?
a. No, the Great Depression actually began two years before the stock market crash of 1929.
b. Yes, after the stock market crash of October 1929 the market never recovered until the depression came to an end a decade later.
c. Yes, sharp reductions in stock prices like that of 1929 always result in prolonged depressions.
d. No, the stock market actually recovered to the level of October 1929 during the five months following the crash.
D
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All of the following are characteristics of a battle of the sexes game except
A) each player has a tough strategy and a weak strategy. B) the tough strategy and the weak strategy differ for each player. C) each player prefers the Nash equilibrium corresponding to his or her tough strategy. D) each player prefers the same Nash equilibrium.
What are the properties of indifference curves?