If a straight line crosses the Y-axis at 5 and crosses the X-axis at 10, we can conclude that the slope of the line is
A) positive.
B) negative.
C) zero.
D) infinity.
B
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Sugar price supports ensure an abundance of sugar, and hence reasonable prices for consumers.
Answer the following statement true (T) or false (F)
Refer to the above figure. A budget deficit occurs when real national income is
A) Y3. B) Y1. C) Y2. D) None of the above: cannot be determined given the information.
Stagflation occurs when short-run aggregate supply decreases
Indicate whether the statement is true or false
Some policymakers claim that raising the minimum wage will result in economic growth. If increasing the minimum wage would actually generate economic growth, we would expect to eventually see nominal wages ________ and unemployment ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall