If two variables B and V are negatively correlated, B ________ when V ________
A) goes up; goes down
B) goes up; goes up
C) goes down; goes down
D) remains unchanged; goes down
A
Economics
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The average propensity to consume is
A) real consumption expenditures divided by real saving. B) real saving divided by real consumption expenditures. C) real consumption expenditures divided by real disposable income. D) real disposable income divided by real consumption expenditures.
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A point on the budget line is affordable to the consumer.
a. true b. false
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Explain why the long-run aggregate supply curve is vertical
What will be an ideal response?
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Other things being equal, which market structure would produce the least output and the highest average product price?
A. monopolistic competition B. oligopoly C. perfect competition D. monopoly
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