Dominant strategy Nash equilibria are efficient.
Answer the following statement true (T) or false (F)
False
Rationale: The Prisoners' Dilemma is a counter example.
Economics
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The CPI was 170 last year and is 190 this year. What is the inflation rate between these two years?
A) 20 percent B) 11.8 percent C) 18 percent D) 15.0 percent E) 10.5 percent
Economics
Under a k-percent rule, if the economy goes into expansion, the Fed would
A) increase the quantity of money. B) raise the federal funds rate. C) lower tax rates to keep revenue constant. D) lower the federal funds rate. E) None of the above answers is correct.
Economics