The slope of a downward-sloping straight line can be calculated as the distance from the
a. horizontal intercept of the line to the origin divided by the distance from the origin to the vertical intercept of the line.
b. origin to the horizontal intercept of the line minus the distance from the origin to the vertical intercept of the line.
c. vertical intercept of the line to the origin divided by the distance from the origin to the horizontal intercept of the line.
d. vertical intercept of the line to the origin minus the distance from the origin to the horizontal intercept of the line.
c
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The slope of a downward-sloping straight line can be calculated as the distance from the
A. horizontal intercept of the line to the origin divided by the distance from the origin to the vertical intercept of the line. B. origin to the horizontal intercept of the line minus the distance from the origin to the vertical intercept of the line. C. vertical intercept of the line to the origin divided by the distance from the origin to the horizontal intercept of the line. D. vertical intercept of the line to the origin minus the distance from the origin to the horizontal intercept of the line.
Autonomous expenditure is expenditure that is
A) influenced by the interest rate. B) not influenced by the interest rate. C) not influenced by real GDP. D) not influenced by the price level. E) influenced by real GDP.
The cross-price demand for capital (relative to the wage) may slope up or down.
Answer the following statement true (T) or false (F)
Suppose economic stability in the United States increases. This will tend to cause which of the following to occur?
A) The demand for U.S. dollars will rise in the foreign exchange market. B) The supply of U.S. dollars will rise in the foreign exchange market. C) The demand for euros will rise in the foreign exchange market. D) Nothing will change in the foreign exchange market.