Your utility function is given by U = M2. You are
A. a risk seeker.
B. risk averse.
C. risk neutral.
D. it is impossible to say.
Answer: A
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In long-run equilibrium after a permanent money-supply increase there follows:
A) an increase in exchange rate, E. B) a decrease in exchange rate, E. C) an increase in output, Y. D) a decrease in output, Y. E) an unchanged exchange rate, E.
Even with a limited number of governments, everyone's government demand can be met
a. True b. False
In a winner-take-all system, the highest incomes go to people with questionable skills, but who are the most competitive in the labor market
Indicate whether the statement is true or false
Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital.
If the capital stock is fixed at one unit, how much does the third unit of labor add to total output?
A. 60 B. 80 C. 40 D. 20 E. none of the above