Holding everything else constant, the absolute value of the price elasticity of demand for Saucony tennis shoes is ________ the price elasticity of demand for tennis shoes in general
A) less than
B) equal to
C) twice as great as
D) greater than
Answer: D
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The largest percentage of banks' holdings of securities consist of
A) Treasury and government agency securities. B) tax-exempt municipal securities. C) state and local government securities. D) corporate securities.
The two broad fields that make up the subject of economics are:
A. microeconomics and macroeconomics. B. personal investments and business investments. C. fiscal policy and monetary policy. D. imports and exports.
The income approach to calculating GDP:
A. will generate the same answer as using the expenditure approach. B. is less accurate than using the expenditure approach. C. is more accurate than using the expenditure approach. D. is simpler to calculate than the expenditure approach.
The M1 measure of money includes which of the following?
A. Interest payments B. Savings account deposits C. Excess reserves D. Currency in circulation