The slope of a nonlinear curve is ________ when the curve is rising, and ________ when the curve is falling
A) negative, positive
B) negative, negative
C) positive, negative
D) positive, positive
Answer: C
You might also like to view...
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Ceteris paribus, an increase in the government's budget deficit will increase the current account deficit
Indicate whether the statement is true or false
Pareto optimal policies will improve life for:
A. some people while hurting others. B. at least half the population. C. some people while hurting no one. D. at least 75 percent of the population.
Humans do a ________ job imagining the strength of future gut feelings, and do a ________ job imagining the gut-feeling benefits of future consumption.
A. good; good B. good; poor C. poor; good D. poor; poor