If the consumer's income and all prices simultaneously decrease by one-half, then the optimum consumption will
a. shift outward relative to the original optimum.
b. move leftward along the original budget constraint.
c. shift inward relative to the original optimum.
d. not change.
d
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Markets in which the Herfindahl-Hirschman index ________ are considered not concentrated
A) is less than 1,000 B) is between 1,800 and 2,000 C) is between 1,000 and 1,800 D) is above 2,000
The Federal Reserve System is controlled by the
a. U.S. Department of the Treasury. b. House of Representatives and the Senate. c. Board of Governors. d. President of the United States.
When wage rates rise the short-run aggregate supply curve shifts to the right
Indicate whether the statement is true or false
Which of the following do private property rights involve?
What will be an ideal response?