This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A change in the price level changes the amount of nominal money people demand. Indicate whether ... (Read 69 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
A change in the price level changes the amount of nominal money people demand.
 
  Indicate whether the statement is true or false

Question 2

The assumption of diminishing marginal rate of substitution means that
 
  A) the budget line has a negative slope.
  B) the budget line does not shift when people's preferences change.
  C) indifference curves might have a positive slope.
  D) indifference curves will be concave.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juwms

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


s.tung

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jun 29, 2018
Thank you


juwms

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Carbon Dioxide, Trace Gases, and Climate Change Carbon Dioxide, Trace Gases, and Climate Change
The Global Impact of Climate Change The Global Impact of Climate Change
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library