When a consumer is impatient, his indifference curves for current and future consumption
a. are flatter than the budget line at the endowment point.
b. must be straight lines.
c. have absolute slopes less than 1 along the 45° line.
d. have absolute slopes greater than 1 along the 45° line.
d. have absolute slopes greater than 1 along the 45° line.
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If net exports are negative, then aggregate demand will be less than the sum of consumption, investment, and government purchases
a. True b. False Indicate whether the statement is true or false
What types of money are considered in the measurement of M1?
a. currency b. coins c. checkable deposit d. all of the above are considered in the calculation of M1
What is an automatic stabilizer?
A) It refers to a discretionary policy that is triggered when actual output is not equal to potential output to improve the economy's performance. B) It refers to a stabilization program that keeps inflation in check automatically. C) It refers to any government program that tends to reduce fluctuations in GDP automatically. D) It refers to a government program that is automatically triggered when the economy enters a recession.
The International Monetary Fund lends money to countries to
A. finance their international transactions. B. stabilize their exchange rates. C. promote their economic development. D. Both A and B are correct.