If the avg 15 year old purchases 12 cds and 15 cheese pizzas in typical. Year if cheese pizzas are inferior goods, would the avg 15 yr old be indifferent between receiving $30 gift certificate and $30 in cash explain?

The text states that the committee “expects inflation to rise gradually toward 2% over the medium term as the labor market improves further….” why would the fomc expect inflation to rise because of improvements in the labor market?

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?