Refer to the graph shown. Which of the following curves demonstrates a perfectly inelastic demand curve?
A. A
B. B
C. C
D. None of the curves
Answer: C
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The banks basic reserve ratio on checking deposits over $55.2 million is now
A. 16%. B. 14%. C. 12%. D. 10%.
Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.
Figure 4.5Refer to Figure 4.5. The United States will import 3 million CD-Rom drives if ________ tariff per CD-Rom drive is levied on imported CD-Rom drives.
A. no B. a $10 C. a $15 D. a $25
Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.