(Last Word) If variables X and Y are positively correlated, this means that:
A. X is the cause of Y.
B. Y is the cause of X.
C. causation necessarily exists, but we don't know whether X or Y is the cause.
D. causation may or may not exist between X and Y.
Answer: D
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When economists express the deficit, they generally do it as:
A. the total amount the government overspent. B. a percentage of total GDP. C. a percentage of the amount of taxes they collect. D. a partitioned amount based on where the government spent the money.
When real interest rates in the United States rise relative to real interest rates in Japan, what is the impact on the U.S. price level? Explain your answer using AD-SRAS analysis
ADC makes latex-free tubing for blood pressure instruments. This is
A. an output of ADC. B. an input into the production of health. C. both an input and an output. D. These concepts do not apply to this sort of product.
A decrease in the quantity of resources
What will be an ideal response?