In the above figure, the slope at point b is
A) 1.
B) 5/2.
C) between 1 and 5/2.
D) greater than 5/2.
C
Economics
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In the income-expenditure model, for each price level there is a different equilibrium output level. If we plot one such equilibrium output and price combination, we obtain
A) a point on the aggregate demand curve. B) the slope of the planned expenditures line. C) the slope of the entire aggregate demand curve. D) the aggregate demand curve.
Economics
You can think of velocity as:
A. how much output money can buy. B. how quickly prices are rising. C. how often money changes hands. D. the ratio of the money supply to the inflation rate.
Economics