If food is on the vertical axis and shelter on the horizontal axis, then the equation for the budget line can be expressed as

A decrease in wages payable during the accounting period represents a decrease in cash.

a. true b. false

A circular flow model shows the interrelationship between the ________ markets and the ________ markets

A) expenditure; income B) household; goods C) business; household D) goods; factor E) household; factor