Bob got laid off six months ago. He used to go to the movies once a month, but he's only been twice because he lost his job. This type of behavior can be measured using:
A. the income elasticity of demand.
B. the price elasticity of supply.
C. the price elasticity of demand.
D. the cross-price elasticity.
Answer: A
Economics
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Refer to Table 8-18. What is nominal GDP in 2016 when 2011 is the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
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When a government turns a deficit into a surplus we would expect
A) interest rates to rise. B) interest rates to decrease. C) the demand curve for loanable funds to shift rightward. D) that more investment is crowded out.
Economics
The LM curve is drawn for a given:
a. money supply. b. interest rate. c. nominal income. d. real income.
Economics
Price fixing is illegal under the Sherman Act and subsequent legislation.
Answer the following statement true (T) or false (F)
Economics