Any point on the lowest indifference curve is preferable to a point on a higher indifference curve

The Fed's forward guidance in 2011 and early 2012 was framed in terms of keeping interest rates low

A) for an extended period. B) at least until a particular date in the future. C) based on outcomes for the unemployment rate and inflation rate. D) until the next Presidential election.

From a microeconomic perspective, the relatively low U.S. household saving rate contributes to an increasing inequality of wealth resulting from:

A. the higher saving rate of low-income households. B. the higher national saving rate. C. the lower saving rate of low-income households. D. the lower national saving rate.