Supply is said to be ____ when the quantity supplied is not very responsive to changes in price
a. independent
b. inelastic
c. unit elastic
d. elastic
b
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A time-series graph reveals whether there is a ________ which represents ________
A) trend in a variable; a general tendency for the variable to rise or fall B) relationship between two variables; a cross-section graph C) trend in a variable; unrelated variables D) relationship between two variables; a trend in a variable
The multiple changes in income and output that results from a change in autonomous expenditure is called the multiplier
Indicate whether the statement is true or false
The increase in the availability of ATMs has caused the cost of acquiring currency to ________ which will cause the currency ratio to ________, everything else held constant
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
When a corporation needs capital to expand, its choices are
A. to sell stocks on a stock exchange. B. to sell bonds. C. to reinvest its own earnings. D. All of these responses are correct.