The following is not an example of risk aversion

a. you lock your garage when you have expensive workshop tools
b. you are more careful when you buy a more expensive car
c. Individuals tend to gamble more with their money when the future is certain
d. you only go swimming when the lifeguard is not on duty

d

Economics

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Rent controls and the minimum wage are both examples of price ceilings

Indicate whether the statement is true or false

Economics

If the natural unemployment rate is 5 percent and the current unemployment rate is 6 percent, then the economy is

A) producing a level of Real GDP that is greater than the level of natural Real GDP. B) in an inflationary gap. C) producing a level of Real GDP that is less than the level of natural Real GDP. D) a and b E) b and c

Economics