In the United States, the average length of expansions from 1950 to 2009 was more than twice as long than they were from 1900 to 1950

If the interest rate is above its equilibrium value, the price of

a. bonds will fall b. real estate will rise c. bonds will rise d. stocks will fall because of fluctuations in the bond market e. money will rise

A change in one input price will cause the slope of the budget line to change

a. True b. False Indicate whether the statement is true or false