Refer to the indifference curve in Figure 3.3. Which of the following is true about the MRS?

A) It is negative.
B) It is positive.
C) It is equal to zero.
D) It is undefined.

D

Economics

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Refer to Figure 3.2. Wilma's dominant strategy is

A) North. B) South. C) East. D) Wilma has no dominant strategy.

Economics

When the marginal propensity to save declines, the

A) multiplier becomes larger and the IS curve becomes flatter. B) marginal propensity to consume increases and there is no effect on the IS curve. C) multiplier becomes larger and the IS curve becomes steeper. D) multiplier declines and the IS curve becomes steeper.

Economics