Use the above figure. When the budget line rotates from "c" to "b"
A. the price of product J increases.
B. the price of product K increases.
C. the price of product J decreases.
D. the price of product K decreases.
Answer: D
Economics
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The value of marginal product equals ________ multiplied by ________
A) the good's market price; marginal cost B) the good's market price; marginal product C) marginal cost; marginal product D) marginal revenue; total product
Economics
The monetary transmission mechanism that links monetary policy to GDP through real interest rates and investment spending is called the
A) traditional interest-rate channel. B) Tobins' q theory. C) wealth effects. D) cash flow channel.
Economics