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Author Question: According to ________, the law's assignment of property rights would have no effect on the way ... (Read 31 times)

ts19998

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on: Jun 29, 2018
According to ________, the law's assignment of property rights would have no effect on the way resources would end up being used.
 
  A) Milton Friedman
  B) Ronald Coase
  C) Aaron Director
  D) George Stigler

Question 2

A country reports a potential GDP of 6 trillion, a natural unemployment rate of 4 percent and an expected inflation rate of 2 percent. Using Okun's Law, if the unemployment rate is 5 percent, what is real GDP?
 
  What will be an ideal response?


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Kaytorgator

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Real GDP = 5.88 trillion (= 6 trillion  0.98).


ts19998

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
:D TYSM

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