Foreign money needed to carry out international transactions is known as _____

James has a utility of wealth schedule in the above table. He is offered a job selling video games at Games Galore. James' compensation depends on how much he sells. In a poor sales period, a salesperson makes $100 per month

In a good sales period, a salesperson makes $600 per month. James is told by the manager that, in any given month, there is a 25 percent chance of a poor sales period and a 75 percent chance of a good sales period. What is James' expected utility from taking this job? A) 100 B) 150 C) 175 D) 200

According to classical economists, in recessions, not only does the unemployment rate increase, so does the

A) interest rate. B) level of fiscal stimulus. C) natural rate of unemployment. D) level of potential output.