If the price of a haircut increases,
a. haircuts become more expensive relative to other goods and services
b. haircuts become less expensive relative to having a friend cut your hair
c. people will have their hair cut more often
d. haircuts become less expensive relative to other goods and services
e. the budget constraint will shift outward
A
Economics
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What will be an ideal response?
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The inauguration of a new President often increases the degree of optimism in foreign business firms and foreign households, causing net exports to
A) decrease and IS to shift right. B) decrease and IS to shift left. C) increase and IS to shift right. D) increase and IS to shift left.
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