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 93 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?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Idealized survivorship curves. Idealized survivorship curves.
The Rotation Curves of Four Spiral Galaxies The Rotation Curves of Four Spiral Galaxies
Primates in the New World tend to be small-bodied compared to those elsewhere. Primates in the New World tend to be small-bodied compared to those elsewhere.
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
Species-area curves Species-area curves
Right lateral view showing low normal curves of the vertebral column Right lateral view showing low normal curves of the vertebral column
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library