Households act as suppliers when they provide
a. goods and services to firms and governments
b. resources to firms and governments
c. tax payments to governments
d. the demand for only what firms supply or make available
e. money to firms in exchange for goods and services
B
Economics
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Consider the indifference maps shown above. If X and Y are perfect substitutes, your indifference curves between them would look like those in
A) Figure A. B) Figure B. C) Figure C. D) Figure D.
Economics
The actual price level is assumed to be constant along a given short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Economics