Doubts

[The Villain]

Govt attempts to increase the money ss through open mkt operations are likely to cause short term int rates to:
a rise and reduce money dd
b rise and raise money dd
c fall and reduce money dd
d fall and raise money dd

q2 which is not an axiom of expected utility theorem?
a comparability
b indifference
c independence
d transitivity

[aman]

q1. d.
q2. a

[kangkan]

Hi..whats expected utility theorem?

[Homer Simpson]

hi, i think its 1b as 1a might mean completeness or can always decide between any two gambles.. The four axioms are - completeness, transitivity, independence and continuity