A scatterplot is
A) a graph highlighting leads and lags.
B) a graph with one series on each axis.
C) a graph of one series against time.
D) a graph of two series against time.
B
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When the economy strengthens, following the period of quantitative easing, the Federal Reserve plans to keep a lid on money growth by
A) increasing reserve requirements. B) selling dollars in foreign-exchange markets. C) increasing the interest rate paid on reserves. D) buying dollars in foreign-exchange markets.
Can a firm's average variable costs be falling if they are less than the firm's marginal costs? Explain
Some of the nation's best minds are occupied with devising schemes to avoid taxes and to transfer income to favored groups at the expense of market efficiency. This is called _____
A) hedging. B) pork-barrel spending. C) rent seeking. D) skimming. E) profiteering.
Overall, the U.S. tax system (combined federal, state, and local) is:
A. highly progressive. B. slightly progressive. C. slightly regressive. D. highly regressive.