What are the Euler Equations?
A. another name for the objective function
B. another game for the first order conditions, defining optimal choices
C. equations relating the optimal choice of interest rates to other prices
D. both A and B, but not C
Answer: B. another game for the first order conditions, defining optimal choices
Economics
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Jose owns a local coffee shop. When Jose calculates how his total revenue changes in response to hiring an extra worker, Jose is calculating the
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How can the Fed increase the money supply? How can the Fed decrease the money supply? Be specific
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