If a large change in the variable measured on the x-axis is associated with a small change of the variable measured on the y-axis, the line is ________ and the slope is ________
A) downward-sloping; large
B) downward-sloping; small
C) upward-sloping; small
D) either downward or upward-sloping; small
D
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The official reserve account includes all of the following EXCEPT
A) gold. B) SDRs. C) foreign currencies. D) silver and other precious metals.
If a life can be saved for $250 using Method A and $260 using Method B,
a. it would be efficient to shift resources from A to B b. it would be efficient to shift resources from B to A c. both methods should be pursued to the maximum extent possible d. neither method should be used if methods with higher dollar values are available e. both methods are on the economy's production possibilities frontier
The primary source of corporate financing in the United States is
a. the sale of stock. b. the sale of bonds. c. retained earnings. d. lending from commercial banks.
Suppose there is a tax increase. To stabilize output, the Federal Reserve will
a. increase government spending. b. increase the money supply. c. decrease government spending. d. decrease the money supply.