In the above figure, the relationship between x and y is
A) positive, with slope decreasing as x increases.
B) negative, with slope decreasing as x increases.
C) negative, with slope increasing as x increases.
D) positive, with slope increasing as x increases.
A
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The equation of exchange is written as
A. M× V = P× Y. B. M× P = V× Y. C. M× Y = P× V. D. M× Y = Y× P.
Refer to Figure 11.1. Assume the economy is in equilibrium at 1 = 0. Other things equal, a decrease in the growth rate of productivity will result in a movement from point ________ to point ________
A) A; B B) B; A C) A; C D) A; D
In calculating gross domestic product, investment refers to the purchase of new ______________ goods.
a. quality b. capital c. government d. superior
Price leadership is when one firm sets price for the industry and the others follow.
Answer the following statement true (T) or false (F)