The budget line
A. has a positive slope.
B. is a vertical line.
C. shows the combination of goods that can be purchased at fixed prices and with a given income.
D. shifts to the left as income increases.
Answer: C
Economics
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A general increase in the price level is called:
A. hyperinflation. B. deflation. C. inflation D. devaluation.
Economics
Predictions of stock prices by stock market analysts
a. usually improve on simple extrapolation of past trends. b. are good in both the short term and in the long term. c. are poor since Wall Street does not pay enough to attract the best analysts. d. are poor because of randomness.
Economics