A graph shows the price of a pound of cucumbers on the vertical axis and the quantity of new cars sold by GM on the horizontal axis. The price of a pound of cucumbers remains constant as the quantity of new cars sold increases
The graph of these data is A) a horizontal line.
B) a vertical line.
C) a curve with a maximum.
D) a positively-sloped line.
A
Economics
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If the Fed acts to increase the money supply,
A) it will sell bonds, drive bond prices up, and drive interest rates down. B) it will buy bonds, drive bond prices down, and drive interest rates down. C) it will sell bonds, drive bond prices up, and drive interest rates up. D) it will buy bonds, drive bond prices up, and drive interest rates down.
Economics
"The price elasticity of demand is constant along a straight-line demand curve." Is this statement true or false?
Indicate whether the statement is true or false
Economics