Which of the following goods is likely to have the highest price elasticity of demand?
A) Salt
B) Gasoline
C) Life-saving drugs
D) Ketchup
D
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In the short run, when the Fed raises the federal funds rate,
A) the real interest rate is unchanged so investment and consumption expenditure are not changed. B) the real interest rate temporarily falls, thereby increasing investment and consumption expenditure. C) the real interest rate temporarily increases, thereby decreasing investment and increasing consumption expenditure. D) the real interest rate temporarily increases, thereby decreasing investment and consumption expenditure. E) investment and consumption expenditure increase, thereby raising the real interest rate temporarily.
International influences have become relatively ________ important for the U.S. economy in recent decades, as we become a more ________ economy
A) less, "open" B) less, "closed" C) more, "open" D) more, "closed"
Repair guarantees are a sign the seller thinks they have a lemon.
Answer the following statement true (T) or false (F)
How are the locations of the twelve regional Federal Reserve Banks and the corresponding districts explained?
What will be an ideal response?