In the (consumption,leisure) space, indifference curves as we have assumed them have the property of presenting the highest levels of satisfaction
A) in the north-east corner.
B) in the south-east corner.
C) in the north-west corner.
D) in the south-west corner.
A
Economics
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Monetizing deficits has lead to serious inflation in
a. the United States. b. Canada. c. the United Kingdom. d. Russia, Latin America, and Israel. e. All of the above are correct.
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If there is a constitutional requirement to maintain a balanced budget, then during a recession when tax revenues are shrinking, the government will have to implement:
A. Contractionary fiscal policy B. No change in fiscal policy C. Expansionary fiscal policy D. Countercyclical fiscal policy
Economics