Suppose we are plotting the relationship between the unemployment rate and the growth rate of real GDP
If the unemployment rate is measured along the vertical axis and the growth rate of real GDP is measured along the horizontal axis, we will get a(n) ________.
A) downward sloping curve B) horizontal straight line
C) vertical straight line D) upward sloping curve
A
You might also like to view...
Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency hires without verifying typing skills c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the worse life insurance rates as non-smokers
What would happen in the market for loanable funds if the government were to increase the tax on interest income?
a. The supply of loanable funds would shift right. b. The demand for loanable funds would shift right. c. The supply of loanable funds would shift left. d. The demand for loanable funds would shift left.
The space on the freeway is fixed at any instant of time. A supply curve that shows this is
A) perfectly horizontal. B) upward sloping. C) downward sloping. D) perfectly vertical.
The more time that elapses, the
A. smaller the income elasticity of demand for the product. B. more price elastic is the demand for the product. C. greater the income elasticity of demand for a product. D. less price elastic is the demand for the product.