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SunnieeCA SunnieeCA
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A year ago
Which of the following statements is TRUE?

▸ A budget constraint is a function of the income of the consumer and not of the prices of the goods and services available for consumption.

▸ A budget constraint remains the same for a consumer at all levels of income.

▸ A budget constraint quantifies the trade-offs that economic agents face while making decisions.

▸ A budget constraint is based on the minimum amount of money that an economic agent can spend on goods and services.
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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billbyebillbye
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A year ago
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SunnieeCA Author
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A year ago
Smart ... Thanks!
rudy.zondo
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Yesterday
Helped a lot
Marctheshark
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2 hours ago
Thanks for your help!!
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