Provide an Appropriate Response

question 52

Essay

Provide an appropriate response.
-Let T be the set of teachers at a high school and let S be the set of students enrolled at that school. Determine which of
the following correspondences define a function. Explain.
(A) A student corresponds to the teacher if the student is enrolled in the teacher's class.
(B) A student corresponds to every teacher of the school.

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Definitions:

Average Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Final Goods

Final goods are products that have completed the manufacturing process and are purchased for consumption by the end consumer rather than for resale or further processing.

Keynesian Point of View

An economic theory suggesting that government intervention through fiscal and monetary policy can mitigate the adverse effects of recessions, depressions, and booms.

Supply and Demand

A fundamental economic model that explains how prices and quantities of goods and services are determined in a market based on the interaction between suppliers and consumers.