The graph of two variables, x and y, is a horizontal line. This result indicates that x and y are

A) positively related.
B) negatively related.
C) not related.
D) falsely related.

C

Economics

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The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is $2 per gallon, then the gallon that gives Dana exactly zero consumer surplus is

A) the 8th gallon. B) the 12th gallon. C) the 16th gallon. D) the 20th gallon.

Economics

Oil prices increased significantly in 2008. According to the Keynesian model, this increase in oil prices should have caused which of the following to occur?

A) demand-pull inflation B) demand-push inflation C) cost-push inflation D) cost-pull inflation

Economics