The slope of a consumer's budget constraint is unaffected by a change in income

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

True

Economics

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An increase in the money wage rate

A) increases the long-run aggregate supply. B) decreases the long-run aggregate supply. C) increases the short-run aggregate supply. D) decreases the short-run aggregate supply.

Economics

Overvalued exchange rates were a persistent problem under ISI policies. In part, this was a deliberate policy in order to

A) increase imports. B) discourage exports. C) help targeted industries sell their exports. D) help targeted industries buy imports. E) increase the competition for targeted industries.

Economics