A consumer equilibrium is depicted using indifference curve analysis as:
a. the point where two indifference curves cross
b. the combination of two goods that minimizes total utility for a given level of income.
c. the combination of two goods located where the highest attainable indifference curve is just tangent to the budget line.
d. any combination of two goods where an indifference curve crosses the budget line.
c
Economics
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If the CPI was 122.3 at the end of last year and 124.5 at the end of this year, the inflation rate over these two years was
A) 1.8 percent. B) 2.5 percent. C) 22.5 percent. D) 18.0 percent.
Economics
It is most likely that the federal government will never actually pay off the national debt
a. True b. False Indicate whether the statement is true or false
Economics