A shift in a curve represents a change in:
a. the variable on the horizontal axis.
b. the variable on the vertical axis.
c. a third variable that is not on either axis.
d. any variable that is relevant to the relationship being graphed.
c
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________ investment is more volatile than other forms of investment spending because this type of investment can be changed relatively quickly
A) Business fixed B) Inventory C) Residential D) Capital
Based on the labor market diagram below, if the minimum wage is set at $10 per hour, there will be ________ unemployed workers.
A. 7 B. 15 C. 27 D. 22
Spending on consumer durables decreases as the interest rate increases.
Answer the following statement true (T) or false (F)
Figure 19-2
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Of the graphs in Figure 19-2, which one shows the effect of an increase in interest rates in Japan?
A. 1 B. 2 C. 3 D. 4