If the quantity of walkie-talkies supplied increases by 5 percent when price increases by 12 percent, then
A) the walkie-talkie supply curve will shift to the right.
B) the supply of walkie-talkies is elastic.
C) the supply of walkie-talkies is inelastic.
D) the walkie-talkie supply curve will shift to the left.
C
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If the Fed adopts a policy of pegging the interest rate, a ________ in government spending forces the Fed to increase the money supply to prevent interest rates from ________
A) fall; increasing B) fall; decreasing C) rise; decreasing D) rise; increasing
Money is a more efficient store of value than wheat, especially when there is not rapid inflation
a. True b. False Indicate whether the statement is true or false
What happens to the marginal product of labor when the market price of the good produced increases?
A. Increases proportional to price. B. Decreases proportional to price. C. Stays the same. D. Falls because quantity demanded falls.
The worst hyperinflation ever recorded happened in:
A. Hungary. B. Zimbabwe. C. Brazil. D. Germany.