The short-run aggregate supply curve slopes upward as a result of the real balance effect, the interest rate effect, and the international trade effect

As a tool that is used to measure inequality in the distribution of income, the Lorenz curve graphs

A) the cumulative percentage of income against the cumulative percentage of households. B) the percentage of total income received by each given percentage of households. C) the mean income, median income, and mode income against the percentage of households. D) the mean income received by households over time.

If two indifference curves cross, all points on both curves would yield an equal level of utility, which would violate the "more is better" property

a. True b. False Indicate whether the statement is true or false