The principle that "More is better" results in indifference curves
A) sloping down.
B) not intersecting.
C) reflecting greater preferences the further they are from the origin.
D) All of the above.
D
Economics
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What happens to bring the AD–AS system back into equilibrium when prices are below the equilibrium level? Above the equilibrium level?
What will be an ideal response?
Economics
Which of the following will benefit by an unexpected increase in inflation?
a. a union member with a COLA wage contract b. someone with a large stash of cash in a safe deposit box c. a bank lending money at a fixed rate of interest d. a person who is not due to receive a pay raise for another 11 months
Economics