Author Question: Inga's graph of her budget line has apples per week on the vertical axis and loaves of bread per ... (Read 77 times)

saliriagwu · **on:** Jun 29, 2018

Inga's graph of her budget line has apples per week on the vertical axis and loaves of bread per week on the horizontal. A fall in the price of an apple shifts the

A) horizontal intercept leftward.
B) horizontal intercept rightward.
C) vertical intercept downward.
D) vertical intercept upward.

Question 2

In Japan in 2000 the price level fell by 5 percent and the money wage rate did not change. As a result, there was a

A) movement down along Japan's short-run aggregate demand curve.
B) movement down along Japan's short-run aggregate supply curve.
C) rightward shift in Japan's short-run aggregate supply curve.
D) movement down along Japan's long-run aggregate supply curve.