When indifference curves have ________ marginal rates of substitution, any interior choice that satisfies the tangency condition is the best affordable choice.
A. constant
B. increasing
C. declining
D. positive
C. declining
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The Fed increases the quantity of money to counteract
A) a federal budget surplus. B) an inflationary ga
The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a monopoly who charges a single price, the change in total surplus is
A) A + B + C. B) A + B + D. C) A. D) C + E.
If a firm operates in a perfectly competitive market, then
A) all firms will advertise. B) no firms will advertise. C) the market leader will advertise. D) new firms will advertise.
The most important macroeconomic goal is
a. economic growth b. stable prices c. high employment d. increased investment e. no one economic goal is categorically the most important