If the APC is 1.1, the APS is

A. -0.1.
B. 0.
C. 0.1.
D. 0.9.


A. -0.1.

Economics

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The Phillips curve explains the trade-off between inflation and unemployment

a. True b. False Indicate whether the statement is true or false

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The price of sugar that prevails in international markets is called the

a. export price of sugar. b. import price of sugar. c. comparative-advantage price of sugar. d. world price of sugar.

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When an economy is temporarily operating at an output that is beyond its full-employment rate, which of the following is true?

What will be an ideal response?

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Which of the following goods is likely to have the highest income elasticity?

A) a designer blouse B) tomato soup C) hamburger D) can of tuna

Economics