Figure 7.2Refer to Figure 7.2. Assume that Ashley faces budget line CD with her $120 income. Then the prices of a hamburger and a book are:

A. $2 and $5, respectively.
B. $3 and $6, respectively.
C. $4 and $7, respectively.
D. $5 and $8, respectively.

Answer: B

Economics

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Explain how the unemployment rate and the labor force participation rate would change.

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A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve

A) movement down B) movement up C) upward shift of D) downward shift of

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