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Author Question: If money income increases, a consumer's budget line A) becomes flatter. B) becomes steeper. C) ... (Read 85 times)

Shelles

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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


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amy.lauersdorf90

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

C

Answer to Question 2

B


Shelles

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Reply 2 on: Jun 29, 2018
Excellent

scottmt

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Reply 3 on: Yesterday
:D TYSM

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