The slope of the budget constraint is determined by the
a. relative price of the goods measured on the axes.
b. relative price of the goods measured on the axes and the consumer's income.
c. endowment of productive resources.
d. preferences of the consumer.
a
Economics
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A decrease in the discount rate will
A) have an unclear effect on the money supply. B) decrease the money supply. C) increase the money supply. D) not affect the money supply.
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Which of the following is not an expression for the sum of all the individual demand curves for a product?
a. total demand b. market demand c. equilibrium demand d. aggregate demand
Economics