An independent variable:
A) cannot be measured.
B) cannot be represented on a bar chart.
C) is manipulated by the experimenter in an experiment.
D) in an experiment is determined by the other variables.
C
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In the figure above, if point "a" represents the original equilibrium and point "b" the new equilibrium, then
A) there has been an increase in supply. B) there has been an increase in demand. C) there has been a change in the quantity supplied and no change in supply. D) Both answers B and C are correct. E) Both answers A and B are correct.
An increase in the money supply in the simple Keynesian model causes
A) income to fall. B) inventories to rise. C) interest rates to fall. D) investment to fall.
f a small country in Africa receives a huge investment in capital as a major corporation relocates there, its production possibilities curve will most likely ______.
a. become a straight line b. shift outward c. shift inward d. split into two smaller ones
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.