An indifference curve
A) must slope downward towards the right.
B) is positively sloped.
C) is upsloping and is concave to the origin.
D) may be upsloping or downsloping, depending on whether the two products are complements or substitutes.
Answer: A
Economics
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A) increase in environmental protection policies B) increase in labor regulations restricting the hours of overtime allowed C) increase in labor productivity D) increase in consumer spending
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If the economy is at full employment, then the inflation rate
A) is less than the expected inflation rate. B) is equal to zero. C) can be anywhere on a short-run Phillips curve. D) is equal to the expected inflation rate. E) exceeds the expected inflation rate.
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