Lizzie's budget line is shown in the figure above. If the price of a cookie falls, the budget line

A) shifts rightward and its slope does not change.
B) shifts leftward and its slope does not change.
C) becomes flatter.
D) becomes steeper.

Economics

A example of a good with external benefits is

A) a pizza. B) a dose of flu vaccine. C) a sewing machine. D) an imported good. E) a pair of running shoes.

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Economics

If the marginal propensity to consume ( MPC) is 0.5, the value of the multiplier is

A. 4 B. 3 C. 2 D. 5

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Economics