The indifference curves in the figure above (I1, I2, and I3 ) reflect Peter's consumption preferences. Peter prefers consuming ________ to consuming ________
A) 48 slices of pizza and 12 chocolate bars; 24 slices of pizza and 24 chocolate bars
B) 40 slices of pizza and 20 chocolate bars; 48 slices of pizza and 12 chocolate bars
C) 24 slices of pizza and 24 chocolate bars; 40 slices of pizza and 20 chocolate bars
D) 32 slices of pizza and 8 chocolate bars; 16 slices of pizza and 16 chocolate bars
B
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Prior to 1995 productivity growth in Europe was ________ in the United States
A) higher than B) lower than C) same as D) None of the above
An unsterilized intervention in which the central bank sells foreign assets to purchase domestic currency will result in
A) higher domestic interest rates. B) lower domestic interest rates. C) an increase in the money supply. D) lower domestic interest rates and an increase in the money supply.