42,4 7) Fed low Balance High Congress ex 3. 3 Deficit Fed find all the Nash equilibria of this sequential game, Congress's High 1 , 2 strategy B means playing 'Balance! and 'D means playing ' Deficit. Fed's strategy LH means a dategy of taking 'Low if congress does Balance" and taking "High" if congress does "deficit" D ( B , HL ) D ( D / ML ) ( B , LM ) " (1 , LL ) D ( BILL ) ( D, MH