The demand curve shows the relationship between
A. the demand and supply schedules.
B. demand and supply equilibrium.
C. price and quantity demanded.
D. None of these choices are correct.
C. price and quantity demanded.
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Rising inflation is the pressing concern of the government of Greatland. Suggest a suitable monetary policy that the Central Bank should adopt to lower the rate of inflation
What will be an ideal response?
If a city has 3293 unemployed people and 73,177 in its labor force, then the city's unemployment rate equals
A) 45.0%. B) 4.5%. C) 4.3%. D) 0.45%.
One of the factors that causes differences in inequality across countries is:
A. the extent to which governments redistribute income through the public budget. B. the amount of jobs that are available in the country. C. the labor force participation rate within countries. D. how many income earners there are relative to total population.
A consumer's budget line will rotate outward along the horizontal axis if:
a. the price of the good on the horizontal axis decreases. b. the price of the good on the vertical axis increases. c. the price of the good on the horizontal axis increases. d. the consumer's income decreases.