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
Economics
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.
Economics
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?
Economics
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