In the above figure, as the y variable increases,
A) the x variable is constant.
B) the x variable increases.
C) the x variable decreases.
D) the x variable at first increases but then decreases.
E) the x variable probably changes, but more information is needed to determine if it increases, decreases, or stays the same.
A
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When economic agents transfer resources through time, it is referred to as:
A) clockwise transformations. B) time-wise transformations. C) chronological transformations. D) intertemporal transformations.
If a nation's population grows, then
A) growth in real GDP per person will be less than the growth of real GDP. B) there can be no economic growth. C) growth in real GDP per person will be greater than the growth of real GDP. D) there must be an increase in real GDP per person.
Government assistance to workers whose employment prospects have worsened is called:
A. the minimum wage. B. transition aid. C. worker mobility payments. D. social security.
Refer to the information provided in Figure 23.12 below to answer the question(s) that follow.
Figure 23.12Refer to Figure 23.12. What is the equation for aggregate expenditure AE1?
A. AE1 = 600 + 0.4Y. B. AE1 = 1,000 + 0.6Y. C. AE1 = 1,000 + 0.5Y. D. AE1 = 400 + 0.4Y.