The y-coordinate of an ordered pair specifies the
a. diagonal location of the point.
b. vertical location of the point.
c. horizontal location of the point.
d. quadrant location in which the point is located.
b
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When the expected inflation rate? ________, the short?run Phillips curve? ________.
A. ?falls; shifts upward B. rises; shifts downward C. ?rises; shifts upward D. falls; does not shift E. rises; might shift upward or downward depending on how the long?run Phillips curve shifts
Which of the following would be most likely to cause an increase in the wage rate for a particular job?
a. A decrease in the amount of training needed to perform this job. b. An increase in the danger of this job. c. A decrease in the danger of this job. d. An improvement in the working conditions associated with this job. e. An increase in the number of workers with the skills for this job.
Which of the following is a financial intermediary that serves as a bridge between savers and borrowers in the loanable funds market model?
a) Mutual funds b) Corporations c) Government d) Stock market
The number of firms in an oligopoly must be
A. Small enough so that one firm's decisions have a significant impact on the decisions of the other firms in the industry. B. Large enough so that firms cannot coordinate. C. Small enough so that revenues are large enough to support advertising expenditures. D. Four.