Milton Friedman's macroeconomic theory and political philosophy have the relationship one would expect. He is a
A. Keynesian and a political liberal.
B. new classical macroeconomist and a political liberal.
C. monetarist and a political conservative.
D. supply-sider and a political conservative.
C. monetarist and a political conservative.
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When risks are shared across many different assets or people, reducing the impact of any particular risk on any one individual, it is called:
A. diversification. B. risk pooling. C. risk aversion. D. risk analysis.
Rent ceiling
What will be an ideal response?
Average total cost is found by dividing ________ by ___________.
Fill in the blank(s) with the appropriate word(s).
A higher rate of investment now will generate:
A. More saving now B. More current consumption C. More future production D. More future inflation