The slope of a positive relationship is
A) positive.
B) undefined.
C) positive to the right of the maximum point and negative to the left.
D) constant as long as the relationship is nonlinear.
A
Economics
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Producer surplus is the:
A) sum of a seller's reservation value and the price he finally receives. B) difference between a seller's reservation value and the price he finally receives. C) product of a seller's reservation value and the price he finally receives. D) ratio of a seller's reservation value to the price he finally receives.
Economics
When income taxes are included in the basic macroeconomic model, the value of the
a. inflationary effect is increased. b. multiplier is increased. c. multiplier is decreased. d. expenditure function is increased.
Economics