The "paired observation" of (-14, -6 ) means
A) x = -14, y = -6
B) x = -6, y = -14
C) that the distance between the two points will be 8.
D) the origin is at -14 and -6.
A
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For a competitive equilibrium to occur, all of the following has to happen except
A) agents are price takers. B) the government sets taxes at zero. C) markets clear. D) the actions of all agents are consistent.
GDP as predicted by the classical model is
a. lower than the actual level of GDP b. higher than the actual level of GDP c. smoother and steadier than actual GDP d. more unstable over time than actual GDP e. an accurate predictor of actual GDP
Write out the equation of exchange. What assumptions did the classical economists make about the variables that compose the equation, and what did this lead them to conclude about money and prices?
In this graph for positive externalities in consumption, the demand curve DPrivate, ______.
a. is to the left of DSocial
b. is to the right of DSocial
c. intersects the supply curve at efficient equilibrium
d. intersects Q2 at market equilibrium