If the variable on the vertical axis increases by 20 and the variable on the horizontal axis increases by 5, the slope of the line is
A) 0.25. B) 4. C) 15. D) 100.
B
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Suppose total planned expenditures equal $20 trillion when the value of the price level is 100. If the price level drops to 90, total planned real expenditures will equal
A) more than $20 trillion. B) $20 billion. C) less than $20 trillion. D) None of the above: Cannot be determined without additional information.
The demand for a particular brand of shoes decreased due to a change in consumers' tastes and preferences. This will lead to a(n) ________, assuming all else equal
A) downward movement along a firm's labor demand curve B) rightward shift of the firm's labor demand curve C) upward movement along a firm's labor demand curve D) leftward shift of the firm's labor demand curve
Suppose you buy a house for $250,000. One year later, the market price for the house has fallen to $200,000
What is the return on your investment in the house if you made a down payment of 10 percent and took out a mortgage loan for the other 90 percent?
Thomas Jefferson strongly influenced the passing of the Land Ordinances of 1785 and 1787
A close study of those ordinances suggests that Jefferson believed in the importance of securing the private rights of individuals to buy, sell and derive income from their land. Indicate whether the statement is true or false