The labels for the axes of an aggregate supply curve should be:
A. Real domestic output for the vertical axis and price level for the horizontal axis
B. Real domestic output for the horizontal axis and price level for the vertical axis
C. Real employment for the vertical axis and price level for the horizontal axis
D. Aggregate demand for the vertical axis and real national output for the horizontal axis
B. Real domestic output for the horizontal axis and price level for the vertical axis
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Which of the following is TRUE about unions?
A) Unions in some settings are associated with increased productivity. B) Unions in some settings have been effective in promoting general social legislation. C) Both A and B are correct. D) Neither A nor B is correct.
If the slope of a linear function changes with no change in the Y-intercept
a. the graph shifts either up or down in a parallel way. b. the graph remains unchanged. c. the graph rotates about its X-intercept. d. the graph rotates about its Y-intercept.