If velocity is constant then targeting the money supply and nominal GDP is

The underlying assumption of the Harrod-Domar growth model is that

a. the incremental capital-output ratio is given by k ? Y/K. b. growth is mainly determined by capital accumulation. c. growth can be sustained only if agricultural productivity rises. d. developing countries save too much and invest too little.

Cheap talk

A) is never credible. B) is illegal. C) generally affects the game's payoffs. D) can be credible when both firms have an incentive to be truthful.