Between the data lag and the legislative lag falls the __________ lag
A) effectiveness
B) wait-and-see
C) expansionary
D) legislative
B
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An enterprise that has only one shareholder does not constitute a corporation
a. True b. False Indicate whether the statement is true or false
If the price of music downloads decreases, which of the following is most likely to occur? a. Quantity demanded will decrease. b. Quantity demanded will increase. c. Demand will increase
d. Demand will decrease.
If Rosa is willing to pay $450 for hockey tickets and has consumer surplus of $175, the price of the tickets is $625
a. True b. False Indicate whether the statement is true or false
The value of the absolute price elasticity of demand for good A is 4. The absolute price elasticity for good B is 1. Which good's quantity demanded is more responsive to a change in price?
A) Good A B) Good B C) They are equally responsive. D) Not enough information is given.