Answer:
1. c) b>d
d) c>g
2. No dominant strategy equilibrium is also a Nash equilibrium.
Explanation:
Payoff matrix are used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.
If real GDP is $200 billion, full employment GDP is $400 billion, and the marginal propensity to consume is 0.75, then Congress should-----
increase government purchases by spending by $50 billion.
What is marginal propensity?
In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
Full employment:
is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time.
Learn more about real GDP:
brainly.com/question/24156212
#SPJ4
<span>You will find every escrow entry showing the running balance after each receipt or disbursement in a journal kept by the sponsoring broker. This journal must show the chronological order of the transactions when funds are received or disbursed by the sponsoring broker.</span>
<span>Popular author J. K. Rowling, who was once poor, has earned a fortune with her Harry Potter books. Rowling is now a member of the upper-middle class.
Though J. K. Rowling has made a fortune for herself from her Harry Potter series and moves, she started out on the very bottom. Most people in the upper-upper class have been wealthy from generations to generations and it is passed down. Though members of that class can earn it on their own, they are typically people in power over major decisions. Rowling is above the middle class as income goes and falls right in the upper-middle class category. </span>
