As a price change persists over a long period of time, we should expect the demand elasticity to fall
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
According to rational expectations,
A) the Fed should focus its policies on interest rates. B) the Fed should focus its policies on inflation. C) the Fed should focus its policies on unemployment. D) the Fed is unable to influence real economic activity.
The definition of cross-elasticity of demand with regard to two products X and Y is: a. the percentage change in the quantity of X demanded divided by the percentage change in the quantity of Y demanded. b. the percentage change in the price of Y divided by the percentage change in the quantity of X demanded
c. the percentage change in the price of Y divided by the percentage change in the price of X. d. the percentage change in the demand of one good (good X) divided by the percentage change in the price of another good (good Y).
If virtual currencies grow significantly in popularity, a potential threat is the ability of end users to:
a. Avoid paying taxes. b. Engage in illegal activities without detection. c. Increase demand without changes in a nation's "official' money supply figures. d. All of the above are true.
The desire to hold money instead of other assets in anticipation of changes in economic conditions is the ________ motive.
Fill in the blank(s) with the appropriate word(s).