Airline deregulation led to the demise of many smaller airlines but large carriers were not materially affected.
Answer the following statement true (T) or false (F)
False
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When variable A rises by 10 units, variable B rises by 15 units. The slope of the line describing this relationship is
a. always 2/3. b. either 2/3 or 1.5, depending on which variable goes on which axis of the graph. c. either 1.5 or ?1.5, depending on which variable goes on which axis. d. always ?1.5.
According to the text, when management selects a price or quantity, it also selects the other. Explain why this is true
A decrease in the nominal interest rate would
a. encourage people to hold larger money balances. b. encourage people to hold smaller money balances. c. force the Fed to increase the money supply. d. cause households to decrease consumption.
The top 20 PACs, Political Action Committees, spent how much in 2010?
a. 100 million b. $200 million c. $300 million d. $400 million