The condition, MRS1,'C' = w ', describes the representative consumer's
A) investment decision.
B) consumption - savings decision.
C) current period work - leisure decision.
D) future period work - leisure decision.
D
Economics
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The message that market economies will inevitably fail is associated with:
a. Marx b. Samuelson c. Kornai d. Olson e. Hayek
Economics
In the above figure, if we start at AD1 and SRAS1, and the money supply increases unexpectedly, what would be the long-run equilibrium?
A. P1 B. E2 C. E3 D. E1
Economics