Consider the Prisoners' Dilemma game, and suppose one player confesses but the other player does not confess. This outcome is

a. a Nash equilibrium.
b. Pareto optimal.
c. a Pareto improvement over the outcome where both players confess.
d. Pareto-inferior to the outcome where neither player confesses.

b. Pareto optimal.

Economics

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The amount of investment demand at each interest rate falls. If the Fed holds to an unchanged interest rate target, the change in GDP is __________ if it had held to an unchanged money supply target

A) greater than B) less than C) the same as

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Cannon Mills used to be virtually the only employer in Kannapolis, North Carolina. What is the name for a single hirer of labor, and how do wages and the number of jobs available compare to a competitive labor market?

Economics