What relationship is shown by a supply curve?
What will be an ideal response?
A supply curve shows the relationship between price and quantity supplied. Because price and quantity supplied are directly related, the supply curve is upward sloping.
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The desired reserve ratio helps determine the amount of money banks can create
Indicate whether the statement is true or false
Under the dual labor market theory, expansion of economic activity in the primary market will benefit workers in the secondary market
Indicate whether the statement is true or false
Refer to the data in Figure 22.1. The profit-maximizing output for this firm is
A. Above 280 units. B. 200 units. C. 280 units. D. 100 units.
According to the monetarists, the velocity of money is
A. constant by definition. B. highly variable and unpredictable. C. constant as a matter of empirical proof. D. not constant but predictable.