The slope of a budget line:
a. is the negative of the price ratio, -PX/PY
b. depends on income

Using equations for public and private saving, show that saving must equal investment in a closed economy. Begin with the expression for total saving in the economy

What will be an ideal response?

As the average annual inflation rate ________, the volatility of inflation tends to ________

A) decreases; increase B) increases; increase C) increases; remain stable D) decreases; remain stable