If the price of the good measured on the horizontal axis falls, a consumer's budget line
A) becomes flatter.
B) becomes steeper.
C) shifts rightward and its slope does not change.
D) shifts leftward and its slope does not change.
A
Economics
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One complication that tends to prolong recessionary gaps is that wages
a. are fixed by unions, which represent nearly all workers in the United States. b. tend to rise rapidly. c. rarely fall. d. tend to move in the opposite direction from prices.
Economics
A game in which any gains by the group are exactly offset by equal losses by the end of the game is called the
A. positive-sum game. B. cooperative game. C. negative-sum game. D. zero-sum game.
Economics