A consumer has $100 per day to spend on product A, which has a unit price of $7, and product B, which has a unit price of $15. What is the slope of the budget line if good A is on the horizontal axis and good B is on the vertical axis?

When members of Congress vote to pass new legislation, they will

A) fail to consistently represent the underlying preferences of voters. B) always vote for the alternative favored by a majority of the voters. C) always fail to represent the underlying preferences of voters. D) always vote for the alternative favored by a plurality of the voters if there is no majority position.

In a Keynesian model, what are the short-run effects on output, the real interest rate, and the real exchange rate, for both the domestic economy and a foreign economy, of a decline in investment?

What will be an ideal response?