When demand is perfectly inelastic, the demand curve will be
a. negatively sloped, because buyers decrease their purchases when the price rises.
b. vertical, because buyers purchase the same amount as before whenever the price rises or falls.
c. positively sloped, because buyers increase their purchases when price rises.
d. positively sloped, because buyers increase their total expenditures when price rises.
b
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Which statement is true?
A. There was brief depression in the early 1920s. B. Between 1921 and 1929 national output tripled. C. The automobile market was completely saturated by 1921 and sales remained low for the rest of the decade. D. None of these statements are true.
If one dollar buys 10 pesos, then one peso buys ten cents of a dollar
Indicate whether the statement is true or false
What are the factors that will determine the size of some future required tax increase to pay off all debt?
What will be an ideal response?