In which market would the price be least likely to be "sticky"?
A) refrigerators B) steel rods C) trucks D) fresh fruit
D
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A perfectly elastic demand curve is represented by a vertical line
a. True b. False Indicate whether the statement is true or false
The unemployment rate is defined as the number of
A) unemployed people divided by the number of employed people. B) unemployed people divided by the sum of the people employed and the people unemployed. C) employed people divided by the number of people in the country. D) unemployed people divided by the number of people in the country who are employed. E) unemployed people divided by the number of people in the country.
When the money market is drawn with the value of money on the vertical axis, a decrease in the price level causes a
a. movement to the right along the money demand curve. b. movement to the left along the money demand curve. c. shift to the right of the money supply curve. d. shift to the left of the money supply curve.
YearCPI2010952011100201210520131042014106According to the table shown, how do we interpret what happened between 2011 and 2014? The cost of living:
A. decreased 0.98 %. B. increased 6 %. C. decreased 2 %. D. increased 1.06 %.