In the short-run macro model, what is the relationship between income and government purchases?
a. It is positive and stable.
b. It is positive but unstable.
c. It is negative and stable.
d. It is negative but unstable.
e. There is no relationship between the two variables.
E
Economics
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The total fixed cost of operating a lumberyard equals $12,000 this year. The average fixed cost of the lumberyard will not be affected by the quantity of lumber that is sold
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following best describes the effect of a negative incentive?
a. a decrease in an activity b. an increase in a behavior c. no change in activity d. an unpredictable response
Economics