Correlation means
A) "on the margin."
B) the tendency for the values of two variables to move in a predictable and related way.
C) other things remaining the same.
D) "after this, therefore because of this."
E) a natural experiment has been conducted.
B
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The law of diminishing marginal utility states that
a. total utility falls as more of a good is consumed, other things constant b. total utility falls as marginal utility falls, other things constant c. marginal utility falls as total utility increases, other things constant d. marginal utility falls as more of a good is consumed, other things constant e. marginal utility falls as less of a good is consumed, other things constant
If it is assumed that there are absolutely no taxes in an economy, then aggregate consumption will be drawn as a function of:
a. disposable income. b. real GDP. c. government expenditure. d. private income. e. government transfers.
The extent of the multiplier effect visible within a short time will be ____ the total effect indicated by the multiplier formula
a. significantly higher than b. equal to c. less than d. slightly higher than
In investment matters, generally young workers compared to older workers will:
A. be more risk-averse. B. be less risk-averse. C. have equal concern for expected return and variability. D. minimize expected return and focus more on variability.