An indifference curve represents bundles of goods that a consumer
A) views as equally desirable.
B) ranks from most preferred to least preferred.
C) refers to any other bundle of goods.
D) All of the above.
A
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Which of the following will most likely increase aggregate demand?
a. a decrease in stock market prices b. a lower real interest rate c. a decrease in the expected inflation rate d. a decrease in real GDP
In the long run, persistent inflation in the United States is caused by
A. rightward shifts in the long-run aggregate supply curve and the leftward shift of the aggregate demand curve. B. a faster rightward shift of the aggregate demand curve than the rightward shift of the long-run aggregate supply curve. C. leftward shifts in both the long-run aggregate supply curve and in the aggregate demand curve. D. leftward shifts in the aggregate demand curve while the position of the long-run supply curve is unchanged.