Slope is calculated as the
A) change in the vertical variable.
B) change in the vertical variable divided by the change in the horizontal variable.
C) change in the horizontal variable divided by the change in the vertical variable.
D) the vertical axis divided by the horizontal axis.
B
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If potential output exceeds actual output, ________ shifts downward over time
A) the short-run AD curve B) the long-run AD curve C) the long-run AS curve D) the short-run AS curve
Which price index published by the US federal government represents retail price changes?
A) Consumer Price Index B) Producer Price Index C) GDP deflator D) Dow-Jones Industrial Average
Use the above figure. The profit-maximizing output and price is
A) 600 and $16, respectively. B) 600 and $10, respectively. C) 600 and $8, respectively. D) 800 and $10, respectively.
When an unemployed person drops out of the labor? force, it
What will be an ideal response?