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Author Question: A change in the price level changes the amount of nominal money people demand. Indicate whether ... (Read 28 times)

s.tung

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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.


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juwms

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


s.tung

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Reply #2 on: Jun 29, 2018
Thank you


juwms

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Reply #3 on: Jun 29, 2018
No problemo


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