When two variables have a direct relationship, the slope is
A) negative.
B) positive.
C) zero.
D) infinity.
Answer: B
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To understand why wages are so low and the process by which wages are determined, we must focus on the supply side of the labor market
Indicate whether the statement is true or false
The big-push strategy relies on investments that are designed especially to
a. create production facilities b. check the infrastructure that impedes development c. combat infant mortality rates d. develop human capital e. create simultaneously a vast network of markets whose demands and supplies are created by the investments
In which part of the business cycle is the Federal Reserve most likely to increase the discount rate to discourage banks from borrowing?
A) trough B) expansion C) peak D) recession E) depression
The four criteria that are frequently used in judging the outcome of economic policy are
A. efficiency, equity, profitability, and stability. B. efficiency, equality, stability, and economic growth. C. efficiency, equity, stability, and economic growth. D. efficiency, equality, profitability, and stability.