How many important functions does money have in the economy?
a. eight
b. one
c. two
d. four
d. four
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Explain the differences between a change in supply and a change in quantity supplied
What will be an ideal response?
If the price of business broadband is greater than that of residential broadband, all else equal
A) business has greater price elasticity than residential. B) residential has greater price elasticity than business. C) both have inelastic demand curves. D) generally speaking, broadband is equally priced.
The Kennedy tax cut of 1964 included an investment tax credit that was designed to
a. increase aggregate demand in the short run and aggregate supply in the long run. b. increase aggregate supply in the short run and aggregate demand in the long run. c. only increase aggregate supply in the long run. d. only increase aggregate demand in the short run.
A __________ merger takes place when a firm acquires a competitor. A __________ merger takes place when a firm integrates its production backward toward its source of supply or forward in its marketing chain.
Fill in the blank(s) with the appropriate word(s).