Author Question: Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ... (Read 120 times)

809779 · **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.

31809pancho · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

D

809779 · **Reply #2 on:** Jun 30, 2018

Correct answers!

31809pancho · **Reply #3 on:** Jun 30, 2018

Great! Please up vote

Author Question: Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ... (Read 120 times)

809779

Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ...

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31809pancho

Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ...

809779

Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ...

31809pancho

Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ...