The figure above shows a time-series graph. The horizontal axis measures ________ and the vertical axis measures ________
A) time; x-values
B) time; the variable of interest
C) the variable of interest; time
D) y-values; the variable of interest
B
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In addition to fiscal policy, the other main tool used to affect aggregate demand is
a. trade policy. b. industrial policy. c. planning policy. d. monetary policy.
Suppose the cost of flying a 200-seat plane for an airline is $100,000 and there are 10 empty seats on a flight. The airline should sell a ticket to a standby passenger only if the passenger is willing to pay
a. more than $200. b. more than $300. c. more than $500. d. This cannot be determined from the information given.
Expansionary fiscal policy can involve:
(a) Increasing consumption and investment and taxes. (b) Increasing government spending and decreasing taxes. (c) Increasing government spending and increasing taxes. (d) None of the above.
Suppose that interest payments are $140 per year on a $1,000 loan and $1,188 per year on an $8,485 loan. The interest rates on the two loans are:
A. 14 percent and 20 percent, respectively. B. 14 percent on both loans. C. 18.8 percent on both loans. D. 1.4 percent and 11.8 percent, respectively.