Which statement is true?
A. We have had at least one recession in the 1940s, 1950s, 1960s, 1970s, 1980s, and 1990s.
B. We have had at least two recessions in any one decade since World War II.
C. We have had at least three recessions in all of the decades since World War II.
D. None of the choices are true.
A. We have had at least one recession in the 1940s, 1950s, 1960s, 1970s, 1980s, and 1990s.
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A technological change ________ and a change in the capital stock ________
A) shifts the productivity curve; shifts the productivity curve B) shifts the productivity curve; creates a movement along the productivity curve C) creates a movement along the productivity curve; shifts the productivity curve D) does not change the productivity curve; creates a movement along the productivity curve E) does not change the productivity curve; shifts the productivity curve
Jon is risk averse. When he buys insurance against all risks, then
A) he knows his wealth with certainty. B) his utility exceeds his expected utility. C) his wealth exceeds his expected wealth. D) all of the above.