1. If, over a 10-year period, your income stayed constant at 20 000 per year, would you...
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1. If, over a 10-year period, your income stayed constant at £20 000 per year, would you consider yourself to be better or worse off than if your income averaged £20 000 over the period but fluctuated from £5000 to £35 000 per year?
2. Explain whether a more risky business environment encourages higher or lower growth in potential output.
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