Of the following types of games, tension between cooperation and individual self-interest tends to be greatest in
A) an assurance game.
B) a pure coordination game.
C) a chicken game.
D) a battle of the sexes game.
C
You might also like to view...
Suppose that the current price level is 110, real GDP is $100 billion, and long-run aggregate supply is $95 billion. We can conclude that
A) the price level will fall and input prices will rise until real GDP pulls long-run aggregate supply up to $100 billion. B) aggregate demand will increase until both short-run and long-run aggregate supply equal $100 billion. C) the price level will fall until long-run aggregate supply shifts to $100 billion. D) input prices will rise until real GDP is $95 billion.
What determined the exchange rates among currencies under the gold standard, and what caused the gold standard to collapse?
What will be an ideal response?