Suppose the consumer's income increases while the prices of the goods remain constant. Then the
A) budget constraint shifts outward parallel to the original budget constraint.
B) indifference curves become flatter.
C) budget constraint shifts inward parallel to the original budget constraint.
D) indifference curves shift outward away from the origin.
A
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Contractionary monetary policy causes ________
A) real output to rise B) the aggregate price level to fall C) the aggregate price level to rise D) real interest rates to fall
Long-run average cost is never greater than short-run average cost because in the long run,
A) capital costs equal zero. B) the firm can move to the lowest possible isocost curve. C) wages always increase over time. D) wages always decrease over time.
Some of the newer pollutants that have appeared
A. are far more visible to the eye than older pollution. B. cause damage that is easily reversible. C. pose no significant long-term hazards. D. are far more dangerous than older forms of pollution.
Marginal
What will be an ideal response?