A demand curve shows the relationship
a. between income and quantity demanded.
b. between price and income.
c. between price and quantity demanded.
d. among income, price, and quantity demanded.
c
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Which of the following would be directly counted in GDP in 2016?
A) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a farm house built in 1950 B) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a brand new country-style home C) kitchen cabinets purchased from Home Depot in 2016 to be installed in a house built in 1997 D) none of the above
If tax rates are cut, tax revenues may rise, fall, or remain unchanged. What actually happens is considered a(n)
A) theoretical issue. B) corrective issue. C) empirical issue. D) self-regulating issue. E) multiplier issue.
Which of the following gives the correct relationship between nominal and real interest rates?
A. Nominal interest rate + real interest rate = expected inflation rate B. Real interest rate = nominal interest rate + expected inflation rate C. Nominal interest rate = real interest rate - expected inflation D. Nominal interest rate = real interest rate + expected inflation rate
Can an economy maintain high output growth, low unemployment, and low inflation at the the same time? Explain
What will be an ideal response?