Lizzie's budget line is shown in the figure above. The slope of the budget line is ________ cookies per magazine
A) 2
B) -2
C) 0.5
D) -0.5
B
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) The migration of labor from low-income country B to high-income country A will:
A. Increase wages in country A and decrease wages in country B
B. Decrease wages in country A and decrease wages in country B
C. Decrease wages in country A and increase wages in country B
D. Increase wages in country A and increase wages in country B
In the classical model, if money growth and velocity are constant, then:
a. the price level will rise at the rate of output growth. b. the price level will be constant. c. the price level will fall at the rate of output growth. d. none of the above.
Individuals and government have been contributors in harming the environment.
Answer the following statement true (T) or false (F)
Which of the following describes the accuracy of the Consumer Price Index?
A) Changes in the CPI accurately reflect the true rate of inflation. B) Changes in the CPI understate the true rate of inflation. C) Changes in the CPI overstate the true rate of inflation. D) Changes in the CPI are unrelated to the true rate of inflation.