Answer to Question #82060 in Macroeconomics for barrie

Question

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.

Answer 1

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