How would you interpret (1) an upward sloping curve and (2) a zero slope curve in a two variable diagram?
(1) Positive slope, where variable Y rises as variable X rises.
(2) Zero slope, where the value of Y is the same irrespective of the value of X.
You might also like to view...
Workers earn more than half of the income generated by the production process.
Answer the following statement true (T) or false (F)
Suppose there are only two goods: bread and wine. In Mexico, the absolute price of wine is 30 pesos per bottle. If the relative price of wine in terms of bread is 5 loaves per bottle, then the absolute price of bread is
a. 5 pesos per loaf. b. 6 pesos per loaf. c. 25 pesos per loaf. d. 150 pesos per loaf.
Which of the following events will increase the domestic real interest rate in an open economy?
A. A decrease in the domestic saving B. An increase in net capital inflow C. An increase in domestic saving D. A decrease in the perceived riskiness of investing in the domestic economy
During the expansion phase of the business cycle, which of the following eventually increases?
A) production B) employment C) income D) all of the above