In an indifference curve/budget line diagram, a consumer's equilibrium consumption combination will occur
A) inside the budget line.
B) outside the budget line.
C) on the budget line.
D) at the origin.
C
Economics
You might also like to view...
At a given nominal rate of interest, when spending is equal to output and there is uncovered interest parity, we have:
A) real exchange rate parity. B) equilibrium in the goods market and in the forex market. C) stable inflation and low unemployment. D) depreciation of the home currency.
Economics
The combination of high unemployment and high inflation is termed
a. reflation. b. stagflation. c. depression. d. unflation.
Economics