A direct relationship is expressed graphically as a:
A. positively sloped line or curve.
B. negatively sloped line or curve.
C. horizontal line.
D. vertical line.
Answer: A
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Indicate whether the statement is true or false
If the Federal Reserve is to be independent, then the quantity of securities it purchases is determined by:
A. Congress. B. the Federal Reserve itself. C. the amount the public does not want to purchase at the going price. D. the Treasury.
Which of the following will result in an increased price of milk?
A) A shift to the right of the supply curve for milk. B) A shift to the right of the demand curve for milk. C) An increase in the number of milk suppliers. D) A decrease in the number of milk buyers.
The top of the business cycle is called:
A. a peak. B. a growth trend. C. a recession. D. an upturn.