In the above figure, which of the following statements is TRUE? I. The consumer maximizes utility by consuming at point A. II. The marginal rate of substitution at point B and point A are equal because they are on the same budget line

Average weekly claims for unemployment insurance, money supply and the index of stock prices are all examples of

A) leading indicators. B) coincident indicators. C) lagging indicators. D) None of the above

Even if entry is easy, oligopolists possess sufficient market power so that profits are assured in the long run

a. True b. False Indicate whether the statement is true or false