The Fed can directly lower the inflation rate

Absolute advantage occurs when one producer has greater productivity compared to another producing the same product

Indicate whether the statement is true or false

Refer to Figure 10-7. Suppose the price of Pilates sessions rise to $30 while income and the price of Yoga sessions remain unchanged. The substitution effect of this price change is represented by the movement from

A) A to B. B) A to C. C) A to D. D) D to B.