When a person's income increases:
A. the individual's budget constraint rotates in and becomes steeper.
B. the individual's budget constraint shifts straight out, maintaining the same slope.
C. the individual's budget constraint rotates out and becomes flatter.
D. the individual's budget constraint shifts straight in, maintaining the same slope.
Answer: B
Economics
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Firms that participate in regular open market transactions with the Federal Reserve are called
A) Treasury banks. B) Federal Reserve partners. C) primary dealers. D) secondary market banks.
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