a decrease in short-run prices and an increase in long-run prices.

the same in the long run as in the short run.

the same regardless of whether the effects of the policy are anticipated or unanticipated.

a higher price level (inflation).

QUES Consi aneous game between Rowena and Colin described below. The left number in each cell is Rowena Colin North South East Earth 3,1 0,2 Water 1,2 1,2 2,3 Fire 2,0 3,0 1,1 1,3 Rowena Colin has a dominant strategy. Nash equilibrium is (Water, South). "South' is dominated by 'East.' Water is dominated by Fire. Rowena has a dominant strategy. Click Save and Submit to save and submit. Click Save All Answers to save all answers. uestion 4 Consider a simultaneous game between Rowena and Colin described below. The left number in each call is Rowena's payoff. Select the right statement about the game. North 1.3 1.2 2.0 Earth Water Fire Colin South 3,1 1.2 3,0 East 0,2 2.3 1.1 Rowena