A decrease in a consumer's income
a. increases the slope of the consumer's budget constraint.
b. has no effect on the consumer's budget constraint.
c. decreases the slope of the consumer's budget constraint.
d. has no effect on the slope of the consumer's budget constraint.
d
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The process of bargaining for a large group of workers at one time rather than individually is known as ________
A) collective bargaining B) autarky C) tertiary negotiations D) ornamental horticulture
The classical model does a good job of explaining short-run fluctuations in the level of economic activity
a. True b. False
Over extended periods of time, population growth
a. has no effect on the standard of living. b. has uncertain effects on the standard of living. c. clearly raises the standard of living. d. clearly lowers the standard of living.
Transportation Department requires that airlines give refunds for tickets ___________ within 24 hours of a purchase, or offer a 24-hour hold, for tickets bought more than a week before departure.
Fill in the blank(s) with the appropriate word(s).