The egalitarian view of equity would lead to:
A) equal allocations of goods across all persons.
B) maximizing the utility of the least-well-off person.
C) maximizing the total utility of all society members.
D) none of the above
A
Economics
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Gordon's plots of the effectiveness lags of monetary policy over the periods 1961-1975, 1976-1990, and 1991-2007 show the effectiveness lags have become ________ and the overall response of GDP to monetary policy has ________
A) shorter, decreased B) shorter, increased C) longer, decreased D) longer, increased
Economics
Opportunity cost:
a. applies only to consumption decisions. b. applies only to production decisions. c. is the same as monetary costs. d. exists because of scarcity. e. is irrelevant for wealthy economies.
Economics