This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ... (Read 107 times)

809779

  • Hero Member
  • *****
  • Posts: 579
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


809779

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Correct answers!


31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Idealized survivorship curves. Idealized survivorship curves.
The Rotation Curves of Four Spiral Galaxies The Rotation Curves of Four Spiral Galaxies
Vertebral regions showing the four spinal curves. Vertebral regions showing the four spinal curves.
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Survivorship curves. Survivorship curves.
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library