An expected value is the ________ average of ________ outcomes.
A) unweighted; the most likely
B) weighted; all possible
C) unweighted; all possible
D) weighted; the most likely
B) weighted; all possible
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Which of the following is NOT a reason the Fed alters the rate of growth of the money supply?
A) to influence aggregate demand B) to influence the amount of consumption C) to influence the amount of investment D) to shift the demand for money curve
Between 1955 and 2006, the federal government purchases of goods and services as a percentage of GDP has:
a. generally trended downward b. Not changed. c. Grown by about 10%. d. Tripled.
Figure 7.3
The price of Video Game rentals is $2 For MUA/$ and $4 for MUB/$.The price of Energy Drinks is $2.Budget = $28.Refer to Figure 7.3. If the price of video game rentals is $4, the utility maximizing combination is ________ video game rentals and ________ energy drinks.
A. 1; 4 B. 2; 10 C. 10; 4 D. 11; 10
Average total cost for an information product would
A. increase constantly as quantity increases. B. decrease constantly as quantity increases. C. remain constant as quantity increases. D. first decrease and then increase as quantity increases.