When the price of a good increases, the budget constraint shifts in parallel to the original budget constraint.
Answer the following statement true (T) or false (F)
False
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Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A can make a maximum loan of
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
If input prices fall, it will lower the cost of production, causing the supply curve to shift to the right
a. True b. False Indicate whether the statement is true or false
Price levels rarely remain the same. This implies that
a. money is an excellent medium of exchange. b. money is divisible. c. money is a good medium for measuring value. d. money is an imperfect medium for storing value.
Which of the following is not a characteristic of an economy in recession?
A. Reduction in consumer spending B. Reduction in business spending C. Reduction in unemployment D. Reduction in inflation