If your income increases, what is the effect on your budget line?
What will be an ideal response?
Your budget line will shift outward and not change its slope.
Economics
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The sustainable upper limit of real GDP is a level of GDP that is
A) greater than potential GDP, but by how much greater is unknown and controversial. B) less than potential GDP, but by how much less is unknown and controversial. C) potential GDP. D) determined only by what is the full employment equilibrium in the labor market. E) None of the above answers is correct because there is no sustainable upper limit to real GDP because real GDP can always be increased.
Economics
_____ established the first American colonies in the early 1500s
a. England b. The Low Countries c. France d. Spain
Economics