In the prisoner's dilemma game, each player's dominant strategy leaves her with a larger payoff than she could receive by cooperating with the other player; however, the "prisoner's dilemma" is that as a result of noncooperation she cannot chose

dominant strategy. Indicate whether the statement is true or false

FALSE

Economics

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If the nominal interest rate is 8 percent and the current inflation rate is 3 percent, approximately what is the real interest rate?

A) 11 percent B) 8 percent C) 5 percent D) 3 percent

Economics

The desired reserve ratio helps determine the amount of money banks can create

Indicate whether the statement is true or false

Economics