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Macro- & Monetary Economics

Prio: Normal, Part I: Neoclassical Model, Type: MC

The representative consumer always prefers more diversity to less. This is represented by

  • a downward sloping indifference curve
  • an indifference curve that is convex
  • an indifference curve that is concave
  • an indifference curve that is a straight line
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The representative consumer always prefers more diversity to less. This is represented by…an indifference curve that is convex