If Priscilla regards cheese and crackers as perfect complements, then
a. her indifference curves slope upward.
b. her indifference curves are straight lines.
c. Priscilla prefers lower indifference curves to higher ones.
d. for Priscilla a bundle of 5 crackers and 5 ounces of cheese is just as good as a bundle of 5 crackers and 8 ounces of cheese.
d
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A method of measuring the money supply by looking at money as a temporary store of value is the
A) transactions approach. B) capital control. C) liquidity approach. D) fiduciary monetary system.
Based on its current rate of growth, health care spending as a percentage of GDP through Medicare, Medicaid, and other U.S. government programs is expected to
A) stabilize within the next 20 years. B) account for a majority of spending as a percentage of GDP within 5 years. C) slow down during this decade. D) double over the next 40 years.