According to ________, the law's assignment of property rights ...

[ts19998]

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?

[Kaytorgator]

Answer to Question 1

B

Answer to Question 2

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

[ts19998]

TYSM

[parker125]

Excellent