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Author Question: Suppose that the interest rate is greater than the equilibrium interest rate. Which of the following ... (Read 67 times)

Collmarie

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on: Jun 29, 2018
Suppose that the interest rate is greater than the equilibrium interest rate. Which of the following occurs?
 
  I. There is an excess quantity of money.
  II. The quantity of money automatically increases.
  III. The interest rate falls.
  A) I
  B) I and II
  C) I and III
  D) I, II and III

Question 2

A scatter diagram with the price of peanut butter on the vertical axis and the price of jelly on the horizontal axis shows a negative relationship.
 
  If the price of jelly was placed on the vertical axis and the price of peanut butter was placed on the horizontal axis, the relationship would be a A) negative relationship, also called a direct relationship.
  B) negative relationship, also called an inverse relationship.
  C) positive relationship, also called a direct relationship.
  D) positive relationship, also called an inverse relationship.


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swimkari

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Collmarie

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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