Which of the following is not correct?
a. Indifference curves are downward sloping.
b. Indifference curves that are closer to the origin are preferred to indifference curves that are further from the origin.
c. Indifference curves are bowed in toward the origin.
d. Indifference curves do not cross.
b
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Capital is the
A. flow of new equipment that a firm acquires over the course of a year. B. amount of increase in a firm’s equipment over a year. C. amount of money that a firm has on hand at a given time. D. stock of plant, equipment, and other productive resources held by a firm.
________ occurs when the direction of cause and effect is mixed up in a study
A) Adverse causality B) Omitted variable bias C) Reverse causality D) Limited information bias
After the financial crisis of 2008, how did some Eurozone governments finance the bailout of their financial sectors?
A) by raising taxes B) by issuing new government bonds, which were purchased by private banks, funded by ECB lending C) by printing more domestic currency to accompany infusions of euros from the ECB D) by selling foreign currency reserves and gold
According to the real balances effect, when the price level:
A. Falls, cash is worth less and therefore people buy less. B. Falls, cash is worth more and therefore people buy more. C. Rises, cash is worth less and therefore people buy more. D. Rises, cash is worth more and therefore people buy less.