Refer to Figure 14.2. Other things equal, an increase in worker productivity would best be represented by a movement from

A) point A to point B.
B) point B to point A.
C) point C to point A.
D) point C to point B.

A

Economics

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If a household has an income of $40 and buys only bus rides at $2 each and magazines at $4 each, what is the equation of the household's budget line?

What will be an ideal response?

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Below the equilibrium level of nominal interest rates, there is a _______ of money and money interest rates will tend to _____ as a result. a. Shortage; fall. b. Shortage; rise. c. Surplus, fall

d. Surplus; rise.

Economics