________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents

Convexity of indifference curves implies that consumers are willing to

A) give up more "y" to get an extra "x" the more "x" they have. B) give up more "y" to get an extra "x" the less "x" they have. C) settle for less of both "x" and "y". D) acquire more "x" only if they do not have to give up any "y".

Compare and contrast the shapes of the short-run and long-run Phillips curves