If an increase in one variable causes a decrease in another variable, this is
A. a negative relationship.
B. an independent relationship.
C. a dependent relationship.
D. a direct relationship.
Answer: A
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What is the level of openness of the United States economy, based on 2016 data?
A. 13.3 percent B. 23.1 percent C. 52.0 percent D. 63.9 percent E. 77.8 percent
The Keynesian theory of money demand emphasizes the importance of
A) a constant velocity. B) irrational behavior on the part of some economic agents. C) interest rates on the demand for money. D) expectations.
For production functions with decreasing returns to scale, a proportional increase in output
A. requires a more-than-proportional growth in all inputs. B. exhibits diminishing returns. C. requires proportional growth in all inputs. D. requires a less-than-proportional growth in all inputs.
The natural rate of unemployment does NOT include which of the following?
A. cyclical unemployment B. seasonal unemployment C. frictional unemployment D. all of these