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 76 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?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Aggregates are people who happen to be in the same place at the same time. Aggregates are people who happen to be in the same place at the same time.
A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
The IPCC projects sea level rise The IPCC projects sea level rise
4 ways your breasts change after pregnancy "4 تغيّرات تطرأ على ثدييكِ ... 4 ways your breasts change after pregnancy "4 تغيّرات تطرأ على ثدييكِ ...
Government in America: People, Politics, and Policy, AP Government in America: People, Politics, and Policy, AP
Video: Muscular Dystrophy

For a complete list of videos, visit our video library