The utility maximizing consumption bundle for an individual can be found by locating _____
a. the individual's bliss point
b. any point on an indifference curve touching the budget constraint
c. the highest point on an individual's indifference curve
d. the point tangent to an individual's budget constraint
d
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In the figure above, if the interest rate is 4 percent, there is a $0.1 trillion excess
A) quantity of money and the interest rate will rise. B) quantity of money and the interest rate will fall. C) demand for money and the interest rate will fall. D) demand for money and the interest rate will rise.
Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased
a. True b. False Indicate whether the statement is true or false