Game theory is a method of analyzing the strategic interaction that occurs between small numbers of

Expansionary fiscal policy would involve ________, whereas contractionary fiscal policy would involve ________

A) increasing the money supply; increasing personal income taxes B) increasing corporate income taxes; raising interest rates C) increasing transfer payments; increasing corporate income taxes D) increasing government purchases; increasing transfer payments

Which of the following occurred following the failure of the Bank of the United States in 1930?

A) Interest rates on low-grade corporate bonds rose relative to high-rated corporate bonds. B) Other banks in New York City suffered liquidity problems. C) A bank panic ensued within days. D) The stock market crashed.