If you won the state lottery and were guaranteed a monthly income of $5000 for life then ________ would argue that your ________ income has increased

A) Friedman; permanent
B) Friedman; transitory
C) Modigliani; transitory
D) Modigliani; permanent

A

Economics

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The ________ describes the relationship between the amount of labor employed and real GDP

A) production function B) production possibilities frontier C) Lucas Wedge D) inflation rate E) Okun Gap

Economics

If marginal benefit is greater than marginal cost for the production of cars, to reach the allocative efficient quantity of cars, the production of cars must be increased

Indicate whether the statement is true or false

Economics