Suppose we are considering the relationship between two variables y and x. y is measured on the y-axis and x is measured on the x-axis, and the relationship between then is a straight line
Suppose that the slope of the line is positive and is less than 1. This slope means that a change in x is associated with A) a bigger change in y.
B) a smaller change in y.
C) no change in y.
D) an equal change in y.
B
Economics
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When the price of the good or service it produces rises, the firm's
A) demand for labor curve shifts rightward. B) demand for labor curve shifts leftward. C) demand for labor curve remains unchanged. D) output decreases.
Economics
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the currency-deposit ratio is
A) 0.25. B) 0.50. C) 0.40. D) 0.05.
Economics