The "paired observation" of (12, 6 ) means
A) x = 12, y = 6.
B) x = 6, y = 12.
C) x = any multiple of 12, y = any multiple of 6.
D) the origin is at 12 and 6.
Answer: A
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Refer to the table above. What is the shortage in the market when the price of a notebook is $1?
A) 0 units B) 10 units C) 14 units D) 16 units
According to a new Keynesian theorist, a correctly anticipated increase in aggregate demand will
A) cause the price level to increase by a greater amount in the short run than what a new classical rational expectations theorist would predict. B) cause the price level to increase by a smaller amount in the short run than what a new classical rational expectations theorist would predict. C) cause the price level to increase by the same amount in the short run that a new classical rational expectations theorist would predict. D) leave the price level unchanged in the short run, but Real GDP will increase more than what a new classical theorist would predict. E) leave the price level unchanged in the short run, but Real GDP will increase less than what a new classical theorist would predict.
What economic conditions are necessary to achieve productive efficiency under pure competition?
What will be an ideal response?
In 2013, ____ percent of college degrees were earned by women
a. 27 b. 37 c. 47 d. 57