Ceteris paribus, if a 6% increase in price causes an 8% increase in quantity supplied, then:
a. supply is elastic
b. supply is unit elastic.
c. supply is inelastic.
d. the supply curve is perfectly vertical.
a
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Output per unit of input measures
A. The inequality trap. B. The investment rate. C. Per capita GDP. D. Productivity.
In general we could say that the decade of the 1980s was a time of
A. more regulation. B. less regulation. C. little change in degree of regulation.
Which statement is false?
A. Since some people choose to hold some of their currency, the deposit multiplier is lower than one divided by the reserve ratio. B. In times of inflation banks are quite likely to carry excess reserves. C. If banks choose to hold excess reserves; the deposit multiplier will be lower than expected. D. If there is a large drain of dollars to foreigners because of a large trade imbalance, the deposit multiplier will be lower than expected.
In 2005, the European Union began a program to
A) reduce greenhouse gas emissions by 10 percent within 5 years. B) eliminate greenhouse gas emissions by 50 percent within 15 years. C) subsidize firms that pollute more than a given limit. D) allow the trading of carbon-dioxide permits among firms.