If the slope of a linear function changes with no change in the Y-intercept
a. the graph shifts either up or down in a parallel way.
b. the graph remains unchanged.
c. the graph rotates about its X-intercept.
d. the graph rotates about its Y-intercept.
d
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I) The growth rate of Eduland's money supply in a particular year was 8.5%
What was the growth rate of real GDP if the inflation rate in the same year was 4%? ii) What is likely to happen if the growth rate of money supply doubles in the following year, while the growth rate of real output remains unchanged?
The FOMC meets approximately eight times per year and at these meetings they
a. set a target federal funds interest rate. b. set a target money supply. c. set a target employment target. d. All of the above e. None of the above
Other things constant, which of the following is likely to change the quantity supplied of wheat?
a. An expectation of a future increase in wheat prices b. A fall in the price of wheat c. A decrease in the price of the fertilizer used in wheat production d. An increase in the price of soybeans e. A government subsidy for farmers who do not grow wheat
Refer to the above diagram. A price of $20 in this market will result in:
A. a surplus of 50 units. B. a shortage of 100 units. C. a surplus of 100 units. D. a shortage of 50 units.