Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map
If the price of clothing increases and the price of food and income do not change, then the budget line changes by rotating: A) counter-clockwise about the fixed vertical axis intercept.
B) clockwise about the fixed vertical axis intercept.
C) counter-clockwise about the fixed horizontal axis intercept.
D) clockwise about the fixed horizontal axis intercept.
E) none of the above
C
Economics
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Which of the following are monetary policy goals?
I. maintain high interest rates II. keep unemployment rates low III. reduce the size of the banking sector IV. prevent high rates of inflation A) I, II, III, and IV B) I, II, and III C) II, III, and IV D) II and IV
Economics
The shortest lag monetary policy faces is
A) data. B) recognition. C) transmission. D) legislative.
Economics