Which branch of economics considers that economic agents do not always act rationally?
A) Microeconomics
B) Macroeconomics
C) Behavioral economics
D) Econometrics
C
Economics
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In Figure 11.1, a decrease in the marginal propensity to save is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
Economics
The game of Matching Pennies
a. has no Nash equilibrium. b. has a pure-strategy Nash equilibrium. c. has a mixed strategy Nash equilibrium. d. has multiple Nash equilibria.
Economics