Why are relative price changes important? (3)
What will be an ideal response?
1) for the market mechanism
2) as a market signal
3) to determine the price of one good in comparison with the prices of other goods
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If the change in y = 10 and the change in x = 3, there is
A) a positive relationship between y and x. B) a negative relationship between y and x. C) an independent relationship between y and x. D) no relationship between y and x. E) a +0.33 relationship between the two variables.
The Federal Reserve considers any business with less than __________ employees to be "small."
A) 10 B) 100 C) 500 D) 1500
The marginal tax rate refers to the tax rate charged on the:
A. last dollar a taxpayer earns. B. income earned from buying investments and selling them at a higher price. C. earnings of individuals. D. value of a good or service being purchased.
In the short-run macro model, planned investment is defined as
a. plant and equipment purchases by business firms plus inventory changes b. plant and equipment purchases by business firms plus new home construction c. plant and equipment purchases by business firms d. new home construction plus inventory changes e. inventory changes