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Author Question: The variables that determine a household's budget line are A) its preferences and income. B) its ... (Read 34 times)

809779

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on: Jun 29, 2018
The variables that determine a household's budget line are
 
  A) its preferences and income.
  B) its preferences and prices.
  C) prices and income.
  D) None of the above are correct.

Question 2

Business cycles are the result of
 
  A) regular shifts of the AD curve only.
  B) irregular shifts of the SAS curve only.
  C) regular shifts of both the AD and SAS curves.
  D) irregular shifts of both the AD and SAS curves.


owenfalvey

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

C

Answer to Question 2

D


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