A graph measures y on the vertical axis and x on the horizontal. The curve on the graph is a vertical line. From this fact we know that
A) the value of x does not change when the value of y changes.
B) the value of y is constant.
C) the ratio of x to y is constant.
D) the ratio of y to x is constant.
A
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Briefly describe the following types of financial intermediaries:
1. Commercial bank 2. Investment bank 3. Mutual fund 4. Hedge fund 5. Pension fund 6. Insurance company
What is mercantilism? What are the draw backs of this doctrine?
What will be an ideal response?
Many government programs, such as unemployment compensation, operate on a deficit during recessions and a surplus during periods of economic expansion. The programs are referred to as
A. automatic stabilizers. B. discretionary fiscal policy. C. Ricardian equivalence. D. Recognition time lag.
Unions can be perceived as being economically harmful when they
A. strike infrequently B. successfully negotiate higher wages C. support modernization and new technology D. none of the above