Being risk averse means that you would be willing to pay ________ than the expected outcome in order to guarantee an outcome.

Monetarists have maintained the Classical tradition by emphasizing the

A) importance of government's fine-tuning policies. B) inflationary impact of government spending. C) instability of money demand. D) inherent stability of the economy.

An unanticipated decline in the demand for legal services will

a. increase both the wages of lawyers and the rate of return they can expect to derive from their legal education. b. lead to a shortage in the market for legal services. c. reduce the wages of lawyers but not the quantity of legal services supplied. d. reduce the wages of lawyers and the rate of return on a legal education..