If Stock A and Stock B both decrease in value at the same time, they are
A) negatively correlated.
B) uncorrelated.
C) positively correlated.
D) bad bets.
C
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A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of
A. assets. B. capital stock. C. net worth. D. liabilities.
If the income elasticity of money demand is 3/4 and income increases 8%, by about how much does the price level change?
A) Falls by 6% B) Unchanged C) Rises by 6% D) Rises by 8%
if the govt levies $20 billion in taxes to finance additional spending on military weapons, the net impact on total employment will be
What will be an ideal response?
Answer the following questions true (T) or false (F)
1. The market demand for The Federalist Papers is likely to be more elastic than the market demand for a best-selling mystery novel. 2. The demand for heating oil in the short run is more elastic than the long run demand for heating oil. 3. The price elasticity of demand for Kellogg's Raisin Bran is larger in absolute value than the price elasticity of demand for all breakfast cereals.