Consider the Prisoner's Dilemma as below: Player 2 Cooperate 2, 2 3,-1 Defect Соорerate Defect -1, 3 0,0 Player 1 If the game is "infinitely" repeated, what is the discount factor to get the subgame-perfect equilibrium? A. 82- B. 82: C. 82 1/22/3113

Q: did you get 0.2Y?

A: The aggregate expenditure is the sum total of consumption, investment, government expenditures.

Q: How can the future worth be calculated?

A: The present worth method or the Net present value method is an important method used for determining…

Q: Make flow chart of type of budget?

A: budget is a estimate expense and income for certain period of time

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: What is TARP?

A: The term TAPR stands for Troubled Asset Relief Program.

Q: What is the matter economic

A: Discussing the "matter" of economics involves exploring its fundamental components and core…

Q: Calculate the value of savings if APS is 0.45 and income is $1200

A: In the above question, we are given with the values as:- Average propensity to save = 0.45 Income =…

Q: how do you write an audit of how you nonverbally communicate?

A: Title: Audit of Nonverbal Communication SkillsIntroduction:This audit aims to evaluate and assess…

Q: blanks

A:

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…

Q: Could you answer parts D-F please?

A: Nash equilibrium given to us that: Q*1 = (0.5a - c1)/1.5b Q*2 = (0.5a - c2)/1.5b

Q: may I also recieve help with iv to vi?

A: Price discrimination refers to the situation when the seller of a good is able to sell the same…

Q: can u solve d and e

A: Unemployment is an expression alluding to people who are employable and effectively looking for a…

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: I need help with 4 and 5

A: Since you have asked to answer parts (4) and (5), we are answering only that for you. A government…

Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.