A) Given the information above, if full employment GDP were 2,300, would there be an inflationary gap or a recessionary gap? B) What two fiscal policy measures would you recommend to remove that gap?

Why have poverty rates fallen for the elderly since 1960?

What will be an ideal response?

Refer to the below table. If the firms are playing a sequential game, then

Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coffee shop in a small town or not opening the coffee shop.



A. There is a dominant strategy for this game.
B. There is only one Nash equilibrium for this game.
C. There are two potential Nash equilibrium for this game.
D. Both firms will choose not to open a coffee shop.