If any two indifference curves cross, then the principle of _____ will be violated
a. monotonicity
b. heterogeneity
c. reflexivity
d. homogeneity
a
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A country that grows faster than the rest of the world should find its imports growing faster than its exports.
Answer the following statement true (T) or false (F)
Answer the following questions true (T) or false (F)
1. The slope of the investment function for the economy is called the marginal interest sensitivity of investment. 2. Contractionary fiscal policy will shift the aggregate demand curve to the left. 3. Increasing the discount makes it more expensive for commercial banks to borrow reserves at a Federal Reserve District Bank discount window.
For a risk-averse person, an indifference curve representing the different combinations of variance of return and expected return will be downward sloping and convex to the variance of return axis
Indicate whether the statement is true or false
The recessionary gap of the 1990s in Japan led to decreases in the price level
a. True b. False Indicate whether the statement is true or false