Consider a diagram in which the variable measured on the y-axis remains constant while the variable measured on the x-axis increases. The graph is of this relationship is a
A) perpendicular line.
B) line with slope equal to zero.
C) line that has positive slope.
D) line that has a negative slope.
B
Economics
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The opportunity cost of a good is the same as its
A) money price. B) relative price. C) price index. D) none of the above.
Economics
In Figure 4-4 above, if the interest rate falls from 10% to 7.5% and this causes businesses to become more optimistic about future investment conditions, we would observe that planned investment would
A) decrease from B to C to D. B) increase from B to C to D. C) increase from B to C to F. D) decrease from B to C to F.
Economics