The slope of a curved line at a particular point is
a. always greater than the slope of a straight line at the same point.
b. always smaller than the slope of a straight line at the same point.
c. defined as the slope of the straight line representing the average values for the entire curve.
d. defined as the slope of the straight line that is tangent to the curve at that point.
d
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A supply shock causes the long-run aggregate supply curve to shift left, decreasing the price level
Indicate whether the statement is true or false
The nominal interest rate minus the inflation rate is the
A) depreciation rate. B) real interest rate. C) discount rate. D) forward rate.
If the federal government collects $10 billion in taxes and then spends it on the public, the money supply
A) rises by $20 billion. B) rises by $10 billion. C) falls by $10 billion. D) is unaffected.
Nearly 80 percent of the federal government receipts come from
a. individual and corporate income taxes. b. individual income taxes and social insurance revenues. c. corporate income taxes and excise taxes. d. individual income taxes and excise taxes.