Examlex
Which of the following might break the link in the Keynesian transmission mechanism between the expansionary monetary policy and the goods-and-services market?
Equilibrium
A state in an economic model where supply equals demand, and all agents in the market are at a balance with no incentive to change their behavior.
Hawk-Dove Game
A theoretical model in game theory explaining how contests can settle disputes over resources without the contenders engaging in actual fighting, focusing on the strategies of showing aggression versus submission.
Payoff
The return or reward received from an investment or decision.
Proportion
An element or piece assessed regarding its comparison with the total sum.
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