The equation of exchange shows that
A) P = (M × V) ÷ Y.
B) P = (V × M) × Y.
C) P = (M ÷ V) × Y.
D) P = (M × Y) ÷ V.
E) P - Y = M + V.
A
Economics
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When there is no Equilibrium (or no Nash Equilibrium), we expect that:
a. the firms end up in the cooperative strategy. b. a firm will follow a randomized strategy. c. a firm will not care what it does. d. a firm will very likely have a dominant strategy.
Economics
The "Prisoners' Dilemma" is an example of a cooperative game
a. True b. False Indicate whether the statement is true or false
Economics