Sandy's current consumer surplus for candy is 20. Candy is an inferior good for her. When her income increases and the price of candy remains unchanged, her consumer surplus will

If real GDP grows faster than nominal GDP, it is a sign that

A) inflation is negative. B) there is no inflation. C) there is inflation, but little. D) there is galloping inflation.

The marginal rate of substitution ____ as one moves downward along the indifference curve

a. increase b. remains constant c. decreases d. increases and then decreases