Happy Campers and Camping R Us are in tacit collusion to cooperate and each charge a high price for their campers. If Happy Campers initially cooperates with Camping R Us, but then switches and charges a low price and Camping R Us responds by forever charging a low price, this is an example of ________.
A) a one -shot game
B) a trigger strategy
C) a dominant strategy
D) a tit-for-tat strategy
B) a trigger strategy
Economics
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Refer to the Article Summary. Implementing a negative interest rate policy, as was advocated by the president of the Federal Reserve Bank of Minneapolis, would be an example of ________ monetary policy designed to ________ aggregate demand
A) contractionary; increase B) expansionary; increase C) expansionary; decrease D) contractionary; decrease
Economics
Are the values of the multipliers in the short run and the long run larger or smaller than 2?
What will be an ideal response?
Economics