When measured as a share of the total federal budget, entitlement spending has doubled over the last 50 years
Indicate whether the statement is true or false
TRUE
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Bobby is offered two fulltime jobs. In the first job, as a salesperson, he has a 50 percent chance to make $2,000 a month and a 50 percent chance to make $10,000 a month. The second job, as a construction worker, pays $4,500 a month with certainty
Bobby's utility of wealth curve is shown in the figure above. Bobby will take the ________ job because his expected ________ from this job is greater. A) first; utility B) second; utility C) second; income D) first; income
Investment spending ________ during a recession, and ________ during an expansion
A) declines; increases B) increases; increases C) declines; declines D) increases; declines
A Cobb-Douglas production function:
A) exhibits constant returns to scale. B) exhibits increasing returns to scale. C) exhibits decreasing returns to scale. D) can exhibit constant, increasing, or decreasing returns to scale.
Why would it be correct to say that, if we assume that people do not change their currency holdings and that banks do not hold any excess reserves, the equation ?D = 
?RR really could be stated as ?M1 = 
?RR ?
What will be an ideal response?