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Answer to Question #82060 in Macroeconomics for barrie
Question #82060
a. Label the axes on which one measures changes in the dependent variable and the independent variable.
b. Draw Curves showing (1) an inverse relationship between the two variables; (2) a direct relationship between them; (3) a curve that is positivley sloped. (4) a curve that is negatively sloped; (5) a curve in which all change is in the dependent variable; and (6) a curve in which all change is in the dependent variable. Label the curves 1, 2, 3, and so on.
5. Why are more and more societies relying on self-interest as the basis for incentives to economic activity.
b. Draw Curves showing (1) an inverse relationship between the two variables; (2) a direct relationship between them; (3) a curve that is positivley sloped. (4) a curve that is negatively sloped; (5) a curve in which all change is in the dependent variable; and (6) a curve in which all change is in the dependent variable. Label the curves 1, 2, 3, and so on.
5. Why are more and more societies relying on self-interest as the basis for incentives to economic activity.
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