A nominal anchor promotes price stability by
A) outlawing inflation.
B) stabilizing interest rates.
C) keeping inflation expectations low.
D) keeping economic growth low.
C
Economics
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The types of games analyzed by the Nash equilibrium are
a. Simultaneous move games b. Sequential move games c. Both of the above d. None of the above
Economics
When an economy operates efficiently,
a. the MRPs of every input into the production of a good are equal. b. marginal utility equals marginal cost for every good. c. the price of a good equals the sum of the marginal physical products of its inputs. d. All of the above are correct.
Economics