Which of the following pairs of variables are likely to be positively correlated?
A) Income and consumption
B) Price and consumption
C) Education and unemployment
D) Availability of health care and death rate
A
Economics
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If the propensity to hold money is 6 and the money supply is 12, then the classical aggregate demand curve is
a. P = 2Y b. P/Y = 48 c. P = 1/(2Y) d. P = 2/Y
Economics
An important characteristic of private goods is
A) the nonexclusion principle. B) the principle of rival consumption. C) the principle of joint consumption. D) the principle of conspicuous consumption.
Economics