The coordinates of point A are 20 units of X and 36 units of Y. The coordinates of point B are 22 units of X and 30 units of Y. With X on the horizontal axis and Y on the vertical axis, the slope of the line between points A and B is
A) + 3.00
B) + .20
C) + 0.33
D) - 0.33
E) - 3.00
E
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The IS curve ________ when the real interest rate increases
A) shifts to the right B) shifts to the left C) shifts up D) all of the above E) none of the above
How have the recent increases in the price of gasoline affected the market for hybrid cars?
A. The demand has increased, increasing the equilibrium price and quantity of hybrid cars. B. The supply has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars. C. The demand has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars. D. The demand and supply of hybrid cars have both increased in response to changing gas prices, so the equilibrium quantity has definitely decreased, but the effect on price cannot be determined without more information.
The U.S. dollar will appreciate if
a. the U.S. demand for foreign exchange decreases. b. the U.S. demand for foreign exchange increases. c. the U.S. supply of foreign exchange decreases. d. Americans want to buy more foreign goods. e. foreigners want fewer American goods.
A decrease in government spending initially and primarily shifts
a. aggregate demand to the right. b. aggregate demand to the left. c. aggregate supply to the right. d. neither aggregate demand nor aggregate supply.