The "paired observation" of (-10, -6) means
A. x = -10, y = -6.
B. that the distance between the two points will be 16.
C. the origin is at -10 and -6.
D. x = -6, y = -10.
Answer: A
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From the equation of exchange, if both real income (Y) and the quantity of money (M) double and the price level (P) remains constant, then velocity (V) ________ and nominal income ________
A) remains constant; doubles B) doubles; remains constant C) doubles; doubles D) decreases by 50 percent; quadruples E) none of the above
If coal-burning electrical utility companies fully internalized pollution costs, then we could expect
A) an increase in electricity prices. B) a decrease in electricity prices. C) no change in electricity prices. D) a greater use of coal to produce electricity.
Which of the following statements regarding poverty in the United States is correct?
a. There are as many poor African Americans as there are poor whites. b. The incidence of poverty is lower among females than among males. c. The incidence of poverty is higher among African Americans than among whites. d. Most of the poor people in the United States are elderly (over age 65).
Two methods used to adjust nominal values for inflation are:
A. indexing and deflating. B. aggregating and disaggregating. C. real and nominal. D. substituting and complementing.