If multiplier effects are ____ than policy makers expect or the natural rate of real output is _____ than expected, monetary policy will tend to overshoot its intended effects

Which of the following is TRUE?

A) Lotteries work best when a resource can serve just one user at a time in a sequence. B) A market price always allocates resources better than a command system. C) In the United States, how tax dollars are allocated among competing uses is an example of how resources are allocated by majority rule. D) Force has never played an important role in allocating scarce resources.

The fundamental value of a share of stock is equal to which of the following?

A) the sum of expected dividends B) the present value of expected dividends C) the sum of coupon payments D) the present value of coupon payments E) the present value of the expected yield