2min chapter

Think Like An Economist cover image

S E46: Game Theory - Thinking Strategically

Think Like An Economist

CHAPTER

What if Betsy's Businesses Produce and Hire a Lot?

Businesses usually have two options. We can produce a lot of goods and services, or we can cut back on production and hiring. They're each making the best response based on what the other is doing. And this good equilibrium is basically good economic times.

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