The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?
A) a fall in the price of a pound of coffee
B) a rise in the price of a pound of coffee
C) a fall in the price of a gallon of gasoline
D) a rise in the price of a gallon of gasoline
C
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Define labor productivity. Discuss the relationship between labor productivity, human capital growth, and technology change
What will be an ideal response?
An increase in interest rates might ________ saving because more can be earned in interest income
A) encourage B) discourage C) disallow D) invalidate
Measuring the national income accounts can NOT be helpful in explaining things like:
A. unemployment rates. B. economic booms. C. rates of inflation D. rates of return on a firm’s capital.
Which of the following was the result of Fannie Mae and Freddie Mac being both privately-owned and government-sponsored enterprises?
a. Their government sponsorship increased their cost of acquiring loanable funds. b. They were unable to earn profits and pay dividends to their shareholders. c. Congressional regulations exerted little or no impact on their business operations. d. Their activities were more susceptible to political influence and favoritism.