What does the slope of a consumer's indifference curve represent?
The slope of a consumer's indifference curve represents that consumer's marginal rate of substitution between two goods.
Economics
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Keynesians believe in a relatively stable __________ curve, and thus recommend a monetary policy targeting the __________
A) IS; money supply B) IS; interest rate C) LM; money supply D) LM; interest rate
Economics
The process by which investors seek to profit by simultaneously selling an asset with a lower rate of return and buying an otherwise identical asset with a higher rate of return is known as:
A. hedging the market. B. passive fund management. C. arbitrage. D. portfolio balancing.
Economics