If the price of a good decreases, ceteris paribus, the consumer will experience (Select all that apply.)
a desire to consume a different bundle.
the budget constraint rotating outwards along the x-axis
the budget constraint rotating inwards along the x-axis
an increase in utility.
a northern or eastern movement on the indifference map
a southern or western movement on the indifference map.
An increase in utility
Economics
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The Federal Reserve's two main ________ are the money supply and the interest rate
A) monetary policy targets B) policy tools C) fiscal policy targets D) fiscal tools
Economics
If the price elasticity of supply is equal to 1, we would say the supply of the item is
A. elastic. B. inelastic. C. unit elastic. D. perfectly elastic.
Economics