If the price elasticity of demand is between -1 and - , then demand is inelastic
a. True
b. False
Indicate whether the statement is true or false
False
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In the United States, over the past 50 years the total labor force participation rate
A) has increased. B) has decreased. C) has remained more or less constant. D) has fluctuated substantially. E) first decreased slightly and then increased significantly.
Fixed prices in a free-market economy can increase efficiency.
Answer the following statement true (T) or false (F)
An increase in the reserve ratio
A. increases the size of the income multiplier. B. decreases the size of the income multiplier. C. increases the size of the deposit expansion multiplier. D. decreases the size of the deposit expansion multiplier.
A statement issued by the president’s economic advisors stating that growth can continue without price increases indicates that they believe the relevant aggregate supply curve is
A. vertical. B. horizontal. C. downward sloping. D. upward sloping.