In the above figure, if there is a negative relationship between the variables x and y, which of the graphs above can be used to indicate this?
A) Figure A
B) Figure B
C) Figure C
D) both Figure A and Figure C
D
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If an increase in expected inflation equally raises the nominal interest rate, the expected real interest rate ________ and thus investment demand ________
A) rises, increases B) rises, decreases C) is unchanged, is unchanged D) falls, increases E) falls, decreases
The price of one currency in terms of another country's currency is known as the
A) nominal exchange rate. B) real exchange rate. C) relative inflation rate. D) purchasing power parity rate.
The amount of additional satisfaction derived from an additional unit of a good or service is called: a. total utility
b. marginal cost. c. total cost. d. marginal utility.
__________ sees the entrepreneur as an exploiter of labor.
A. Joseph Schumpeter B. Frank Knight C. Henry George D. Karl Marx