The figure above shows the relationship between the time a student spends studying and the student's GPA that semester. The slope of the relationship at point A ________ the slope at point B
A) is greater than
B) is less than
C) is equal to
D) cannot be compared to
E) can be compared but more information is needed to determine whether the slope is greater than, less than, or equal to
A
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Which of the following is a component of aggregate demand?
a. Transfer payments from government b. Taxation by government c. Purchases by government d. Borrowing by government e. Saving by consumers
Suppose the economy is in long-run equilibrium. If the government increases its expenditures, eventually the increase in aggregate demand causes price expectations to
a. rise. This rise in price expectations shifts the short-run aggregate supply curve to the right. b. rise. This rise in price expectations shifts the short-run aggregate supply curve to the left. c. fall. This fall in price expectations shifts the short-run aggregate supply curve to the right. d. fall. This fall in price expectations shifts the short-run aggregate supply curve to the left.
A case study of NAFTA, with regard to the benefits for Canada from U.S. trade, found that:
a. Canada was not able to increase its exports due to barriers still remaining. b. Canada had modest gains but was harmed by immigration into the United States from Mexico. c. Canada had more trade diversion than trade creation and so was harmed overall. d. Canada had more trade creation than trade diversion and so benefited overall.
In the income-expenditure framework, if planned aggregate expenditures are greater than real gross domestic product (GDP), _____
Fill in the blank(s) with the appropriate word(s).