Voters have an incentive to become informed about political issues because the individual's vote is likely to affect the outcome
a. True b. False
b
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Which of the following products comes closest to having a perfectly inelastic demand?
A) bus rides B) cholesterol medication in general C) gasoline D) iPhones
A leftward shift of the money supply ________
A) may come about from an increase in the quantity of money supplied by the Federal Reserve B) may come about from an increase in the price level C) leads to a decrease in interest rates ceteris paribus D) all of the above E) none of the above
Productivity relates to
A) working harder over time. B) working longer over time. C) producing the same output with fewer labor hours. D) producing the same output with more labor hours.
The gold standard ended in the 1970s because the gold supplies failed to keep pace with the increase in money supplies required for industrialization and rapid economic growth witnessed in this era
a. True b. False Indicate whether the statement is true or false