The "Normal-Form" of a game is a description including
A) the players.
B) the strategies possible.
C) the payoffs.
D) All of the above
D
Economics
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Which of the following represents a price elastic supply?
A) The quantity demanded increases 18 percent as a result of a decrease in the price of 8 percent. B) The price rises by 8 percent causing the quantity demanded to fall by 10 percent. C) The quantity supplied increases by 21 percent as a result of an increase in the price of 12 percent. D) The price rises by 22 percent causing the quantity supplied to increase by 3 percent.
Economics
The proponents of rational expectations and monetarism think that the Federal Reserve should adopt
A) a constant monetary growth rule. B) an interest rate target. C) a monetary aggregate target. D) an inflation target.
Economics