A risk neutral individual
a. Values a lottery at more than its expected value
b. Values a lottery at less than its expected value
c. Values a lottery at its expected level
d. Tends to play a lot of lotteries
c
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Indicate whether the statement is true or false
If expected future prices rise, this causes the nation's current:
a. Aggregate demand to fall, the average price level to fall, and real GDP to rise. b. Aggregate supply to rise, the average price level to rise, and real GDP to rise. c. Aggregate demand to rise, the average price level to rise, and real GDP to rise. d. Aggregate supply to fall, the average price level to rise, and real GDP to fall. e. Aggregate demand to fall, the average price level to fall, and real GDP to fall.