A time-series graph measures
A) the value of one variable against the value of another variable.
B) the value of an economic variable for different groups in a population at a point in time.
C) time on the x-axis and the variable or variables in which we are interested on the y-axis.
D) time on both the x-axis and y-axis and the variable or variables in which we are interested in the rest of the figure.
E) time on the y-axis and the variable or variables in which we are interested on the x-axis.
C
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Off-budget expenditures are a recent phenomenon, originating during World War I
a. True b. False
For a given nominal exchange rate and foreign price level, a decrease in the domestic price level ________ the real exchange rate.
A. decreases B. may either increase or decrease C. offsets any change in D. increases