Author Question: If an increase in x (the variable on the horizontal axis) from 6 to 8 units causes a decrease in y ... (Read 66 times)

segrsyd · **on:** Jun 29, 2018

If an increase in x (the variable on the horizontal axis) from 6 to 8 units causes a decrease in y (the variable on the vertical axis) from 4 to 3 units, the slope equals

A) 2.
B) -2.
C) 1/2.
D) -1/2.

Question 2

Economic growth in India has averaged about 8.5 percent in recent years and while inflation averaged almost 9 percent. The AS-AD model shows this process as

A) rightward shifts in the short-run aggregate supply curve.
B) rightward shifts in the both the aggregate demand and long-run aggregate supply curves.
C) movements upward along the aggregate demand curve.
D) rightward shifts in the aggregate demand curve and leftward shifts in the short-run aggregate supply curve.