The graph of two variables, x and y, is a horizontal line. This result indicates that x and y are
A) positively related.
B) negatively related.
C) not related.
D) falsely related.
C
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Camila is a homemaker. Last week, she was busy with her normal household activities. How would the Bureau of Labor Statistics classify her?
a. A member of the civilian labor force who is employed. b. A member of the civilian labor force who is unemployed. c. A member of the civilian labor force who is underemployed. d. A discouraged worker who is not a member of the labor force. e. Not a member of the labor force.
Changes in the price level affect which components of aggregate demand?
a. only consumption and investment b. only consumption and net exports c. only investment d. consumption, investment, and net exports
Assuming that w and r are both positive, if the long-run expansion path is horizontal, then
A) MPK = 0. B) MRTS is a function of capital only. C) w = r. D) All of the above.
If planned investment is perfectly unresponsive to changes in the interest rate, the planned investment schedule
A. is horizontal. B. has a positive slope. C. has a negative slope. D. is vertical.