Author Question: If money income increases, a consumer's budget line A) becomes flatter. B) becomes steeper. C) ... (Read 72 times)

Shelles · **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