Indifference curves on the same indifference map can have different shapes
Indicate whether the statement is true or false
True . Indifference curves can meet all the necessary requirements and still have different shapes.
Economics
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If the federal budget is initially balanced and government expenditures remain constant, then a decrease in GDP will
A) decrease tax revenues and create a budget surplus. B) increase tax revenues and create a budget surplus. C) decrease tax revenues and create a budget deficit. D) increase tax revenues and create a budget deficit.
Economics
If the people of a country are expecting an increase in the rate of economic growth, they will increase their rate of saving
a. True b. False Indicate whether the statement is true or false
Economics