If a positive relationship exists between x and y:

A. an increase in x will cause y to decrease.
B. a decrease in x will cause y to increase.
C. the relationship will graph as an upsloping line.
D. the vertical intercept must be positive.


Answer: C

Economics

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When the automobile replaced horse-drawn carriages as the principal means of transportation, firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers, thereby increasing

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The rate of unemployment that occurs when the economy is producing its potential GDP _____

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Economics

Which of the following statements describes a surplus?

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Economics