Indifference curves close to the origin are ________ those farther from the origin because of ________
A) better than; transitivity
B) worse than; nonsatiation
C) better than; completeness
D) worse than; transitivity
B
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The real return on bonds is
A) 0. B) r. C) R. D) i.
What form of irrational behavior can cause asset price bubbles?
A) People do not based their investment decision on the fundamental value of the asset but only on the belief that the asset price will continue to increase. B) People accidentally buy assets that they did not want, and this drives up the asset price. C) Asset owners panic and begin to sell their assets as quickly as possible. D) People throw darts at a list of stocks and buy whatever the dart lands on without thinking about the reasons.
An increase in _____ will shift the SRAS curve
Fill in the blank(s) with the appropriate word(s).
Changes in the price level will shift the consumption function, since it is an indicator of household wealth and not household income.
Answer the following statement true (T) or false (F)