As you move up an indifference curve, the absolute value of the slope
A. remains constant.
B. decreases.
C. initially increases and then decreases.
D. increases.
Answer: D
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Firms that are designated as systemically important financial institutions (SIFIs) are subject to all of the following additional Federal Reserve regulations EXCEPT
A) higher capital standards. B) stricter liquidity requirements. C) providing a plan for orderly liquidation if necessary. D) interest rate ceilings on time deposits.
In October 2012, the largest liability of the Fed was
A) currency in circulation. B) reserves. C) discount loans to banks. D) vault cash.
The opportunity cost of an activity includes the value of:
A. the chosen activity minus the value of the next-best alternative. B. all of the alternatives that must be forgone. C. the least-best alternative that must be foregone. D. the next-best alternative that must be foregone.
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A