There is a positive relationship between two variables if:
A. they move in opposite directions.
B. they move in the same direction.
C. one variable changes and the other does not.
D. neither variable moves.
Answer: B
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A) 7 percent B) 14 percent C) 20 percent D) 70 percent
What type of business is most likely to be run as a family business?
a. multinational b. corporation c. partnership d. mutual fund e. sole proprietorship
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Refer to the graph shown. If expected inflation increases from 0 percent to 6 percent, the:
A. economy will move from point B to point C. B. short-run Phillips curve will shift from PC2 to PC1. C. short-run Phillips curve will shift from PC1 to PC2. D. economy will move from point C to point A.