The correct answer is personal income.
A country’s personal income is the amount of income received by all of the country’s people in a given time period.
Answer:
F. Both firms have a dominant strategy to pick the Low Price option
Explanation:
In the given case as we can see that in the yellow form there is always a greater payoff by having a lesser price so it can be said that it set a less price
Now for the blue firm it also select the lesser price
So here the nash equilibrium would be
= (Low price, low price)
= (26,20)
The first payoff would be considered as a yellow firm and the other one is blue one
Therefore the last option is correct
In here, we can say that we are looking for the nominal interest rate. Given is the real interest rate which is 5% and the inflation rate of 10%. The nominal rate of interest is real interest rate plus the inflation rate. Savers will now require an interest rate of 15%
