When two variables have a direct relationship, the slope is
A) negative.
B) positive.
C) zero.
D) infinity.
B
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Farmers who joined the Greenback Party in the late-19th century felt that
a. the government should make efforts to curb the inflation that the country was experiencing. b. farm prices were too high in comparison to the overall price-level of the economy. c. the government should own all transportation and communication facilities. d. an increase in the money supply would benefit debtors.
When government decides to use fiscal policy:
A. the information for how much to change taxes is readily available. B. the expedited process of approval aids with quick enactment. C. it always keeps the economy closer to potential GDP than it otherwise would be. D. It may take time to implement it.
Which of the following four elements contribute to GDP in the expenditure approach?
a. Consumption spending, private investment, government purchases, net exports b. Consumption spending, business investment, government purchases, imports c. Consumption of services, private investment, government consumption, exports d. Consumption of goods, private investment, government investment, government consumption e. Consumption of durable goods, private investment, government purchases, net exports
Which of the following is true?
a. During any given year, the size of the economic pie available for allocation to individuals is fixed. b. When the link between worker productivity and reward is weakened, individuals have less incentive to create income. c. If they reduce income inequality, taxes and income transfers will not alter the incentive of individuals to engage in productive activity. d. The total output of an economy is unrelated to the distribution of income.