The Y- Axis Intercept of the Demand Curve Is 60

question 118

Multiple Choice

The y- axis intercept of the demand curve is 60 and the slope is - 8.The equation of the demand curve is

• A)P = 8 - 60Q_D.
• B)P = 60 - 8Q_D.
• C)Q_D = 60 - 8P.
• D)P = 60 + 8Q_D.
• E)Q_D = 60 + 8P.

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Definitions:

Discretionary Policy

Economic policies based on judgment decisions by policymakers, as opposed to rules-based policies, to manage the economy.

Policy Tools

Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.

Economy's Potential

The economy's potential refers to its maximum productive capacity when resources are fully employed, indicating a state where unemployment is at the natural rate and there is no demand-pull inflation.

Fiscal Policy

Policy made by the government which entails modifying how much it spends and adjusts tax rates to control and affect the economic health of a nation.