Indifference curves that are thick violate
A) the assumption of transitivity.
B) the assumption that more is better.
C) the assumption of completeness.
D) none of the assumptions.
B
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If Mexicans increase their investment in the US, the supply of Mexican pesos to the foreign exchange market and the dollar price of the peso will most likely change in which of the following ways?
(a) Increase ...... Increase (b) Increase ...... Decrease (c) Decrease ...... Increase (d) Decrease ...... Decrease (e) Decrease ...... Not change
Exhibit 9-1 A monopolistic competitive firm
?
In the long run, the demand curve for the monopolistic competitive firm shown in Exhibit 9-1:
A. shifts leftward. B. remains the same. C. shifts rightward. D. becomes more inelastic.
A change in which of the following variables will cause a shift of the IS curve in the current period?
A) the current interest rate B) current output C) current taxes D) all of the above E) none of the above
Refer to the given figure. If the relevant saving schedule were constructed:
A. saving would be minus $20 billion at the zero level of income.
B. aggregate saving would be $60 at the $60 billion level of income.
C. its slope would be 1/2.
D. it would slope downward and to the right.