Examlex
An increase in the price level results in a(n) ________ in household consumption spending and a(n) ________ in investment spending.
Incentive
A thing that motivates or encourages someone to do something, particularly in economic contexts to influence behaviors.
Dominant Strategy
A strategy in game theory that is best for a player regardless of the strategies chosen by the other players.
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
Repeated Games
A situation in strategic interactions where players engage in the same game multiple times, allowing for strategy adjustments based on previous outcomes.
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