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Author Question: If units of pizza are plotted on the horizontal axis, and units of hot dogs plotted on the vertical ... (Read 124 times)

natalie2426

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on: Jun 29, 2018
If units of pizza are plotted on the horizontal axis, and units of hot dogs plotted on the vertical axis, and the price of a hot dog increases the
 
  A) x-intercept and the slope of the budget line will increase.
  B) y-intercept and the slope of the budget line will increase.
  C) x-intercept and the slope of the budget line will decrease.
  D) y-intercept and the slope of the budget line will decrease.

Question 2

In the short run, a decrease in government expenditure ________ real GDP and ________ the price level.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; increases
  D) decreases; decreases


gstein359

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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