This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If money income increases, a consumer's budget line A) becomes flatter. B) becomes steeper. C) ... (Read 94 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
If money income increases, a consumer's budget line
 
  A) becomes flatter.
  B) becomes steeper.
  C) shifts rightward and its slope does not change.
  D) shifts leftward and its slope does not change.

Question 2

In October 2008, Iceland's central bank increased its lending rate to 18 in an effort to prop up the country's frozen current and markets.
 
  (www.nytimes.com, October, 29, 2008)
  As a result, there was ________, holding all else the same.
  A) a movement upward along the supply curve for krona
  B) a leftward shift in the supply curve for krona
  C) a rightward shift in the supply curve for krona
  D) an increase in the quantity supplied of krona


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
:D TYSM

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Relation between form, particular objects, and images in Plato’s Line. Relation between form, particular objects, and images in Plato’s Line.
Drug development time line. Drug development time line.
Video: Sperm Formation

For a complete list of videos, visit our video library