Examlex
In the one period budget constraint sources of funds include:
Perfect Substitutes
Items or services that can replace each other without any decrease in value or enjoyment for the user.
Utility per Dollar
A metric assessing the amount of utility or satisfaction a consumer receives per dollar spent on a good or service.
ADH
Antidiuretic Hormone, a hormone that helps to control the balance of water in the body by affecting the kidneys.
Water Reabsorption
The process by which water is taken back into the body from the filtrate produced by the kidneys during urine formation, thus maintaining fluid balance.
Q2: In the key equation for convergence <img
Q3: After allowing for inflation expectations why does
Q7: During recessions the unemployment rate:<br>A)declines.<br>B)increases.<br>C)is stable.<br>D)is unmeasurable.
Q12: The job-finding rate is:<br>A)the number of hires
Q13: During the transition to the steady state
Q15: The household real budget constraint C +
Q18: Ideas are rival goods.
Q28: In the production function Y = A
Q29: If the nominal wage rises from €10
Q42: If the nominal wage rises from €10