The observation that changes in an economic variable are ...

[wenmo]

The observation that changes in an economic variable are unpredictable suggests that the relevant variable follows ________.
 
  A) a random walk
  B) tertiary unpredictability
  C) the life-cycle hypothesis
  D) the Tequila effect

Question 2

An economy's production function is Y = A , and the economy's total output in equilibrium is 700 billion. Total labor income in this economy is ________.
 
  A) 300 billion
  B) 233.3 billion
  C) 210 billion
  D) 400 billion
  E) none of the above

[kardosa007]

Answer to Question 1

A

Answer to Question 2

E

[wenmo]

Thanks for the timely response, appreciate it

[amcvicar]

Excellent