Within different price ranges along a linear demand curve, elasticities are:
a. constant.
b. different.
c. equal.
d. the same as slope.
e. negative 1.
b
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________: the economic sacrifice of not doing something else or foregoing another opportunity
Fill in the blank(s) with correct word
If the government adopts expansionary monetary policy during a recession, ________
A) tax rates increase B) government spending falls C) access to credit increases D) interest rates increase
What is a multiplier? How does the multiplier effect occur?
What will be an ideal response?
If the Fed wanted to use all three of its major monetary control tools to decrease the money supply, it would:
A. buy bonds, reduce the discount rate, and reduce reserve requirements. B. sell bonds, reduce the discount rate, and reduce reserve requirements. C. sell bonds, increase the discount rate, and increase reserve requirements. D. buy bonds, increase the discount rate, and increase reserve requirements.