Acyclical variables:
a. Move in the same direction as the business cycle
b. Only move in the same direction as the business cycle during recessions
c. Only move in the same direction as the business cycle during expansions
d. Move in the opposite direction as the business cycle
e. None of the above.
.E
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Use the following information to answer the next question.C = A + .875(Y - T)A = $10,000I = $2,000G = $2,500T = $1,000NX = $1,025What will be the change in consumption if net exports decrease by $250?
A. Consumption will not change. B. Consumption will fall by $1,750. C. Consumption will rise by $218.75. D. Consumption will fall by $250.
The equilibrium rate of interest in the market for money is determined by the intersection of the
A. supply-of-money curve and the asset-demand-for-money curve. B. supply-of-money curve and the total-demand-for-money curve. C. investment-demand curve and the total-demand-for-money curve. D. supply-of-money curve and the transactions-demand-for-money curve.
"As you devote more hours to studying, your GPA increases." A graph of this relationship would show
A) a positive relationship. B) a direct relationship. C) an inverse relationship. D) Both answers A and B are correct.
In the above table, the average fixed cost of producing 15 units of output is
A) $0.50. B) $2.00. C) $6.66. D) $8.66.