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zmey [24]
11 months ago
6

The recurrent ups and downs in the level of economic activity extending over several years are referred to as?

Business
1 answer:
balandron [24]11 months ago
7 0

The recurrent ups and downs in the level of economic activity extending over several years are referred to as business cycle.

<h3>What is Economic activity?</h3>

Economic Activity refers to the activity which involves the money transactions in the country through the sale and purchase of the goods and services.

Business cycle refers to the trade cycle which involves period of growth, recovery, recession and boom.

Hence, The business cycle is the recurring ups and downs in the level of economic activity that last several years.

Learn more about business cycle here:

brainly.com/question/4511868

#SPJ4

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<h3>What is known as an investment?</h3>

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Answer:

Best response for Kate  

If Hubert chooses left, Kate would have to choose Right so that Kate can make a payoff of 5.  

If Hubert chooses right, Kate would still choose right to make a payoff of 5.

Best response for Hubert  

If Kate chooses left, Hubert would choose Left to get a payoff of 8.  

If Kate chooses right, Darnell would choose right so as to make a payoff of 6.

The dominant strategy is the one that a player can pick regardless of the action of the other play.

<h2><em>The only dominant strategy in this game is for </em><em><u>Kate</u></em><em> to choose </em><em><u>right.</u></em></h2>

Kate will choose right regardless of what Hubert does because it will give the higher payoff. This is the dominant strategy.

<h2><em>The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses </em><em><u>right</u></em><em> and Kate chooses </em><em><u>right</u></em><em>.</em></h2>

Kate will always choose right which would prompt Hubert to pick right as wel as as to make a payoff of 6.

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