The concept of slope can be used to answer questions about how much one variable responds to changes in another variable
a. True
b. False
Indicate whether the statement is true or false
True
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When monetary equilibrium occurs,
A) the demand for final goods and services equals the supply of final goods and services. B) gross business investment falls to zero. C) relative prices remain constant. D) the quantity supplied of money equals the quantity demanded.
The natural rate of unemployment is fixed and unchanging
Indicate whether the statement is true or false
Which of the following is accurate about John Maynard Keynes?
a. He was one of the most influential economists in early U.S. history. b. He believed economics is a subject but not a way of thinking. c. He believed economics is not just a subject area but also a way of thinking. d. He believed that economics is not a subject but is a way of thinking.
If the government simultaneously increases marginal income tax rates and unemployment compensation, the:
A. incentive to work will increase. B. incentive to work will diminish. C. effect on the incentive to work cannot be predicted. D. incentive to work will not change.