Consumer equilibrium occurs where the budget line is ____ to the ____ possible indifference curve

Using the expectations hypothesis on the term structure of interest rates, explain the relationship between the interest rate on a one-year Treasury bond and the interest rate on a two-year Treasury bond

What will be an ideal response?

Milton Friedman in his book on consumption function, discussed the importance of _____, rather than _____, to understand consumer spending

a. savings; expenditure b. permanent income; current income c. money supply; real output d. wages; savings e. real output; prices