More risk-averse people will:
a. hold fewer risky assets because marginal utility is rapidly diminishing.
b. hold fewer risky assets because marginal utility is greater.
c. hold fewer risky assets because rates of return are more uncertain.
d. hold fewer risky assets because marginal utility is negative.
a
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The extent of ________ is one key factor in determining the extent of pass-through effects in an economy
A) relative market power B) exchange rate flexibility C) perfect elasticity in currency supply D) currency overhang
Some policymakers claim that raising the minimum wage will result in economic growth. If increasing the minimum wage would actually generate economic growth, we would expect to eventually see nominal wages ________ and unemployment ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall