A consumer's budget line will rotate outward along the vertical axis if:
a. the price of the good on the horizontal axis decreases.
b. the price of the good on the vertical axis increases.
c. the price of the good on the horizontal axis increases.
d. the price of the good on the vertical axis decreases.
d
Economics
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The ratio of the dollar price of a toy in the U.S. to the dollar price of a toy in China represents the ________ between the two currencies
A) nominal exchange rate B) ordinal exchange rate C) expected exchange rate D) real exchange rate
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Suppose the President asks you to write him a letter suggesting ways the government might help the economy achieve permanently higher rates of economic growth
Based on your understanding of growth theory and growth accounting, what would you suggest?
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