Refer to Figure 4.7. Which of the following are possible payoffs for this game?

A) 0 points
B) +5 points
C) -5 points
D) All of the above are possible payoffs.

D

Economics

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Surpluses cause prices to fall while shortages cause prices to rise

a. True b. False Indicate whether the statement is true or false

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Bank runs ____ bank reserves and ____ the money supply

a. decrease; decrease b. decrease; increase c. increase; increase d. increase; decrease

Economics