Use the information in the following table to answer the next question.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200The equilibrium interest rate in this economy is ________.

Refer to Figure 3.6. Answer the following questions about the game represented in the figure:

a. What type of game is represented by the payoff matrix? b. Does Terrance have a dominant strategy, and if so, what is it? c. Does Phillip have a dominant strategy, and if so, what is it? d. At what outcome or outcomes do the players coordinate? e. Are there any Nash equilibria, and if so, what, are they?

The marginal propensity to consume (MPC) is equal to the inverse of the marginal propensity to save (MPS)

a. True b. False Indicate whether the statement is true or false