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Author Question: Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ... (Read 26 times)

809779

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on: Jun 30, 2018
Indifference curves tend to be convex because ________.
 
  A) they are bowed inwards toward the origin
  B) consumers dislike large fluctuations in consumption from one period to the next
  C) of the gap between real and nominal interest rates
  D) the marginal rate of substitution exceeds the price effect

Question 2

The classical dichotomy states that
 
  A) money is superneutral.
  B) goods markets are separated from labor markets.
  C) demand is separate from supply.
  D) real markets determine nominal outcomes, not the reverse.


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31809pancho

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


809779

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Reply #2 on: Jun 30, 2018
Correct answers!


31809pancho

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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