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 72 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?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Single-gene inheritance tracked at the DNA level Single-gene inheritance tracked at the DNA level
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Eugène Delacroix, Liberty Leading the People. Eugène Delacroix, Liberty Leading the People.
Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ... Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ...
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
Video: Oxygen transport: association and dissociation & Factors that affect hemoglobin's saturation with O2

For a complete list of videos, visit our video library