The slope of the perfectly inelastic demand curve is ________, the slope of the perfectly elastic demand curve is ________.

A. one, zero
B. zero, undefined
C. undefined, zero
D. one, one


Answer: C

Economics

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If, at some level of output, total planned real expenditures are greater than real Gross Domestic Product (GDP)

A. real GDP will either fall or remain unchanged, depending on the MPC. B. real GDP will fall. C. real GDP remains unchanged. D. unplanned inventories will decrease.

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A player chooses a maximin strategy to ________ gain the player can earn.

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