Suppose that we find that student grades and time spent at parties move in opposite directions. A graph of the relationship between these two variables would curve
A) upward and be linear.
B) upward and may be linear or nonlinear.
C) downward and be linear.
D) downward and may be linear or nonlinear.
D
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In the above figure, at the point where AD equals SAS
A) real GDP exceeds potential GDP. B) potential GDP exceeds real GDP. C) the economy is in a recession. D) the unemployment rate is zero.
"If there is an inefficient level of nursing care in South America, a deadweight loss exists." Is this statement true or false?
What will be an ideal response?
In the United States, why are cartels among firms usually kept secret?
What will be an ideal response?
If a flat tax plan allowed individuals to deduct a standard allowance of $15,000 and the flat tax rate was 10 percent, an individual earning $12,000 a year would not pay any income taxes
a. True b. False Indicate whether the statement is true or false