Dividing the change in quantity on the Y-axis by the change in quantity on the X-axis calculates the slope of a line.
Answer the following statement true (T) or false (F)
True
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Based on the graph above, if the economy is at point 2, then (assuming no price shocks and no changes in actual and potential output) the inflation rate next period will be ________ percent
A) 5 B) 3.5 C) 4.5 D) 4 E) none of the above
If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has__________
a. Appreciate; Decrease b. Depreciate; Decrease c. Appreciate, Increase d. Depreciate; Increase
A challenge faced by middle-income countries in ___________ the standard of living is a legacy of government economic controls.
a. improving b. decreasing c. maintaining d. controlling
The Agricultural Adjustment Act, passed in 1933, was an effort to
a. keep agricultural prices high by increasing supply. b. keep agricultural prices low by increasing supply. c. keep agricultural prices high by decreasing supply. d. keep agricultural prices low by decreasing supply.