A steep slope in a time series graph means the variable is
A) high.
B) rising or falling slowly.
C) very close to its trend point.
D) rising or falling quickly.
E) falling.
D
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A recent estimate of the fiscal burden on state and local government for low-skilled immigrant households is nearly:
A. $10 billion annually B. $30 billion annually C. $50 billion annually D. $100 billion annually
Suppose the small country of Trantor has a steady growth rate of 2.5 percent. Its GDP is expected to double in
A. 70 years. B. 5 years. C. 2.5 years. D. 28 years.
Which of the following will reduce the velocity of circulation of the money stock?
A. The inflation rate increases. B. The interest rate falls. C. Credit cards are used more frequently. D. More employees are paid once a week instead of once a month.
If we are comparing the price of regular gasoline with the price of super gasoline, then an increase in the relative price of regular gasoline implies that
A) the nominal price of regular gasoline increased. B) the nominal price of super gasoline decreased. C) the relative price of super gasoline decreased. D) the relative price of regular gasoline increased.