1.5. Answer the following questions based on two assumptions: (1) Inflation increases the prices of all goods...
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1.5. Answer the following questions based on two assumptions:
(1) Inflation increases the prices of all goods by 20%.
(2) Ina’s income increases from $50,000 to $55,000.
a. Has Ina’s budget line become steeper, less steep, or equally as steep?
b. Has Ina’s budget line shifted outward, inward, or not at all?
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Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
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