A downward-sloping line that makes a 45-degree angle with the horizontal and vertical axes has a slope of:
A. infinity.
B. zero.
C. 1.
D. -1.
Answer: D
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How are the fundamental economic questions answered in a market economy?
A) Large corporations alone decide the answers. B) Households and firms interact in markets to decide the answers to these questions. C) Individuals, firms, and the government interact in markets to decide the answers to these questions. D) The government alone decides the answers.
Over 90 percent of adults in the United States were high school graduates in 2000
a. True b. False Indicate whether the statement is true or false
The change in the money supply in an economy is measured as:
a. the difference between the government deficit and government borrowing. b. the sum of a change in high-powered money and the change in tax revenues. c. the difference between government borrowing and government spending. d. the ratio of the change in excess reserves to the deposit expansion multiplier. e. the change in the government budget deficit.
A mutual fund
a. is a financial institution that stands between savers and borrowers. b. is a financial intermediary. c. allows people with small amounts of money to diversify their holdings. d. All of the above are correct.