In the ordered pair (5, 3), 3 is the
a. horizontal location of the point.
b. the slope.
c. the x-coordinate.
d. the y-coordinate.
d
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Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following contracts is production efficiency assured?
A) The lawyer is paid by the hour. B) The lawyer receives a share of the settlement. C) The lawyer receives a fixed fee. D) The lawyer pays the client a fee for the right to the entire settlement.
The full employment level of GDP is sometimes referred to as “potential GDP.”
Answer the following statement true (T) or false (F)
Suppose that monetary neutrality and the Fisher effect both hold. An increase in the money supply growth rate increases
a. the inflation rate and the nominal interest rate by the same number of percentage points. b. nominal interest rates but by less than the percentage point increase in the inflation rate. c. the inflation rate but not the nominal interest. d. neither the inflation rate nor the nominal interest rate.
The New Deal legislation passed by President Roosevelt was inspired by
A. economic problems caused by World War I. B. normal business cycles. C. the Irish potato famine of 1927. D. the Great Depression