Refer to Exhibit 2-6. Which graph depicts the result of an increase in the unemployment rate?
 ANSWER 7.png)
The result of an increase in the unemployment rate is not depicted by any of the graphs shown here
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The cross elasticity of demand for butter and margarine is likely to be
A) positive because they are substitutes. B) positive because they are complements. C) negative because they are substitutes. D) negative because they are complements. E) positive because they are normal goods.
The price of a consol equals the coupon payment
A) times the interest rate. B) plus the interest rate. C) minus the interest rate. D) divided by the interest rate.
One major characteristic of the price system is that
A) consumers together are the ones who ultimately decide what is produced. B) individual sellers ultimately decide what is produced in the market. C) competition among sellers is reduced. D) all exchanges are regulated by the government.
Rachel agrees to lend Phoebe $100 for six months and charges her interest of 2 percent. At the end of the six-month period, prices have risen by 4 percent
a. Purchasing power has been redistributed to Rachel. b. No purchasing power has been redistributed. c. Purchasing power has been redistributed to Phoebe. d. Both Rachel and Phoebe received extra purchasing power.