Two variables are said to be negatively correlated if their values
A. tend to move in opposite directions.
B. only decrease but never increase.
C. tend to move in the same direction.
D. are always negative.
Answer: A
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A decrease in the quantity of money supplied shifts the money supply curve to the ________, and the equilibrium interest rate ________, everything else held constant
A) right; falls B) right; rises C) left; falls D) left; rises
The equation of exchange states that the quantity of money multiplied by the number of times this money is spent in a given year must equal
A) nominal income. B) real income. C) real gross national product. D) velocity.
In the short run, if a firm's total product is increasing: a. its marginal product must be increasing
b. its marginal product must be positive. c. its marginal product could be increasing or decreasing. d. both b. and c. are true.
If the interest rate rises, the
a. quantity of loanable funds demanded by firms decreases b. quantity of loanable funds demanded by government decreases c. quantity of loanable funds demanded by firms increases d. quantity of loanable funds demanded by government increases e. demand for loanable funds curve shifts to the right