Which of the following mathematical expressions represents the equation of a straight line with a slope of zero at all points on a graph with Y on the vertical axis and X on the horizontal axis?
a. Y = a + X
b. X = bY
c. X = a
d. Y = a
d
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Health insurance companies impose deductibles on policies and co-payments on claims
A) to reduce moral hazard problems. B) to increase prices. C) to increase sales. D) to reduces sunk costs.
Earnings mobility is pervasive
Indicate whether the statement is true or false
If net taxes increase by $100 billion and the marginal propensity to consume is 0.6, by how much will GDP change?
a. -$250 billion b. $150 billion c. $250 billion d. -$100 billion e. -$150 billion
From November 1993 to December 1994, the Democratic Republic of the Congo experienced an inflation rate of 69,502 percent. This economic condition would best be described as:
A. cost-push inflation. B. hyperinflation. C. anticipated inflation. D. a cost-of-living adjustment.