If banks have $10 million in legal reserves, $70 million in check able deposits, and a reserve requirement of 10 percent, they can still expand the money supply by

Refer to the scenario above. If the players have to pay a fairness penalty of $6, ________

A) the game will not have a Nash equilibrium B) the game will have multiple Nash equilibria C) the game will have multiple dominant strategy equilibria D) the game will have a unique Nash equilibrium

China's economic reforms began in

A) 1960. B) 1978. C) 1991. D) 1998.