In the figure above, an increase in the price of a bag of potato chips would result in the budget line
A) making a parallel shift toward point a.
B) making a parallel shift toward point c.
C) becoming flatter.
D) becoming steeper.
D
Economics
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Which of the following businesses have limited liability?
A) Mainline Texaco, a gas station downtown with Frank Jones as proprietorship B) Fakker, Chayse, and Blaimm, partners in medical malpractice law C) StrideRite Shoe Company, Inc., a corporation that produces shoes D) Both answers B and C are correct.
Economics
The real interest rate:
a. Is always lower than the nominal interest rate. b. Is strongly affected by expected inflation. c. Equals the nominal interest rate plus the expected inflation. d. Is determined by lenders solely. e. Reflects a nation's time value of money.
Economics