A time-series graph reveals whether there is a ________ which represents ________
A) trend in a variable; a general tendency for the variable to rise or fall
B) relationship between two variables; a cross-section graph
C) trend in a variable; unrelated variables
D) relationship between two variables; a trend in a variable
A
You might also like to view...
An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________
A) decrease; a higher price level increases consumption, investment, and net exports. B) increase; a higher price level increases consumption, investment, and net exports. C) decrease; a higher price level reduces consumption, investment, and net exports. D) increase; a higher price level reduces consumption, investment, and net exports.
If the economy could produce 42 consumer goods and 12 capital goods, given the current production possibilities curve, the economy would be producing ___________________ (outside/on/inside) the curve.
Hypothetical Production Schedule for a Two-Product Economy
