If the elasticity number (E) is less than 1, a price increase will cause total revenue to fall.
Answer the following statement true (T) or false (F)
False
If the price elasticity is less than 1, demand is inelastic. Inelastic demand causes total revenue to rise when price rises.
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The Phillips curve assumes that shocks to the economy come from the demand side
a. True b. False Indicate whether the statement is true or false
Transferring entries from a journal to the ledger is called ___
Fill in the blank(s) with correct word
The Federal Reserve can increase aggregate demand by:
a. Increasing taxes b. Buying government securities in the open market c. Raising the reserve requirement d. Raising the discount rate
Rutgers University granted Coca-Cola a ___________ to sell its beverages on campus.
Fill in the blank(s) with the appropriate word(s).