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Author Question: The observation that changes in an economic variable are unpredictable suggests that the relevant ... (Read 11 times)

wenmo

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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


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kardosa007

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


wenmo

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Reply 2 on: Jun 30, 2018
Gracias!

kilada

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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