Author Question: The observation that changes in an economic variable are unpredictable suggests that the relevant ... (Read 57 times)

wenmo · **on:** Jun 30, 2018

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