If the income elasticity of demand for a good is .59, then it is what type of good?
a. Price elastic.
b. Price inelastic.
c. Income inelastic.
d. Income elastic.
e. Inferior.
c
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When Keynesians argue that "correlation does not necessarily imply causation," they are probably criticizing
A) structural-model evidence. B) reduced-form evidence. C) indirect-model evidence. D) black-box evidence.
In this type of arrangement, any balances above a certain amount in a corporation's checking account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest
This innovation is referred to as a A) sweep account. B) share draft account. C) removed-repo account. D) stockman account.
Which of these social sciences deals most with models of behavior rather than with thought processes?
A) psychology B) sociology C) psychiatry D) economics
The perfect competitor's demand and marginal revenue curves ______ identical; the monopolist's demand and marginal revenue curves _______ identical.
Fill in the blank(s) with the appropriate word(s).