Author Question: For a household in a (c,c') graph, the optimal consumption bundle is A) to the left of the ... (Read 80 times)

tnt_battle · **on:** Jun 30, 2018

For a household in a (c,c') graph, the optimal consumption bundle is

A) to the left of the endowment point.
B) to the right of the endowment point.
C) on the endowment point.
D) dependent on other factors.

Question 2

The demand for real money balances ________.

A) is downward sloping with respect to prices
B) is downward sloping with respect to interest rates
C) is downward sloping with respect to income
D) all of the above
E) none of the above