A steep IS curve implies that
A) an increase in money supply will change output by a relatively small amount.
B) a decrease in taxes will change output by a relatively small amount.
C) changes in money supply will have large multiplier effects on output.
D) A and B.
A
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When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After the price falls to $1.35 each, 510 hot dogs are sold every day. At the original price, what is the price elasticity of demand for hot dogs?
A. 0.2 B. 66.67 C. 2 D. 5
Which combination of assets represents the most diversification?
A) holding corporate and Treasury bonds B) holding shares of Google and Yahoo C) holding shares of Google and Microsoft D) holding shares of Google along with Treasury bonds
Pre-merger notification requirements make merger policy more like a regulatory process
Indicate whether the statement is true or false
Someone is considered to exhibit risk-seeking behavior if he:
A. will always choose the riskier venture when given two choices. B. will only participate in high-risk situations. C. has a high willingness to take on situations with risk. D. has a low willingness to take on situations with risk.