Author Question: The table below shows data for Japan. 2008 2009 M1 growth rate 0.7 0.9 Inflation rate 0.4 -0.3 ... (Read 29 times)

dbose · **on:** Jun 29, 2018

The table below shows data for Japan.

2008 2009
M1 growth rate 0.7 0.9
Inflation rate 0.4 -0.3

Assuming the rate of velocity change is constant, real GDP
A) grew by 0.3 percent in 2008.
B) grew by -1.2 percent in 2009.
C) grew by 1.1 percent in 2008.
D) grew by 0.9 percent in 2009.

Question 2

In a repeated game, punishments that result in heavy damages are an incentive for players to adopt the strategies that result in a ________ equilibrium.

A) contestable
B) strategic
C) cooperative
D) winner-share-all