At an annual growth rate of 7 percent, real GDP will double in about:

With fixed exchange rates, a country

A) cannot conduct independent monetary policy. B) can conduct independent monetary policy. C) cannot conduct independent fiscal policy. D) Both A and C.

Is this Nash equilibrium efficient?

a. Yes, because the sum of payoffs is highest b. No, because both the parties can do better c. No, because both the parties are maximizing their profits d. All of the above