Between the two ordered pairs (3, 6) and (7, 18), the slope is
a. 1/3
b. -1/3.
c. 3.
d. -3.
c
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The federal government funds deficit spending by: a. issuing bonds
b. redeeming bonds. c. increasing taxes. d. providing and selling government services.
Negative real shocks and negative demand shocks:
A. commonly come together. B. are shown in the AD/AS model in the same way. C. usually do not happen at the same time. D. have the same basic causes.
Growth is advantageous to a nation because it:
A. promotes faster population growth. B. lessens the burden of scarcity. C. eliminates the economizing problem. D. slows the growth of wants.
Assume there is an increased demand in the United States for Australian wines. If all other factors are held constant, this will result in
A. an appreciation of the U.S. dollar. B. a movement along the demand curve for Australian wine. C. an increase in the U.S. dollar exchange rate for Australian dollars. D. a decrease in the par value of the Australian dollar.