Commitment strategies:
A. are not necessary to reach a mutually beneficial equilibrium in repeated games.
B. usually fail to work.
C. are always needed to reach a mutually beneficial equilibrium in single-round games.
D. are not observed in reality.
Answer: A
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The employment-to-population ratio is defined as
A) total employment divided by labor hours then multiplied by 100. B) the labor force divided by the working-age population then multiplied by 100. C) total employment divided by the labor force then multiplied by 100. D) total employment divided by the working-age population then multiplied by 100.
Which of the following is an automatic stabilizer that moves the federal budget toward deficit during an economic contraction and toward surplus during an economic expansion?
a. Personal income tax revenues. b. Corporate income tax revenues. c. Unemployment benefits. d. All of these.