There is a negative relationship between two variables if
A) neither variable moves. B) they move in the same direction.
C) they move in opposite directions. D) one variable changes and the other does not.
C
Economics
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Suppose the representative firm suddenly has less capital at its disposal. What happens to labor demand?
A) It increases. B) It stays the same. C) It decreases. D) We cannot tell.
Economics
Which of the following restrictions implies that private saving and investment are equal for a closed economy?
a. Consumption and private saving are equal. b. The economy's government is running neither a surplus nor a deficit. c. Private saving and public saving are both zero. d. No restriction is necessary; private saving and investment are equal for all closed economies.
Economics