Refer to the table above. If the opportunity cost of time increases to $60 per hour, renting which apartment will turn out to be the most expensive every month?

The figure illustrates Sally's budget line and her preferences. At point(s) ________, the marginal rate of substitution is equal to the relative price

A) B B) B, C, and E C) D D) E and C

Monetarists argue that the demand for money is unresponsive to interest rates, i.e. depends on income only, produces a

A) vertical LM function. B) horizontal LM function. C) vertical IS function. D) horizontal IS function.