A perfectly elastic demand curve is
A) vertical.
B) horizontal.
C) curvilinear.
D) upward sloping.
Answer: B
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Firms that have a cover charge for their customers and charge for each item they purchase as well are exhibiting
a. universal access price discrimination b. declining block price discrimination. c. mixed bundling price discrimination. d. two-part price discrimination. e. uniform pricing
According to the Keynesian consumption function, if disposable income
a. increases, planned saving will increase. b. increases, planned consumption will increase. c. falls, planned saving will increase. d. increases, both planned saving and planned consumption will increase.
To judge the size of government debts and deficits, we should use real values
a. True b. False
The natural rate of unemployment does not include
a. frictional unemployment b. technological unemployment c. workers who are unemployed because of a recession d. people laid off because the demand for their good disappeared, such as blacksmiths e. people who voluntarily quit their jobs to look for other, more promising jobs