If consumers have a long time to respond to an increase in electricity prices their demand is likely to be ________ than if they are only given a short time.
A. no different
B. higher
C. more elastic
D. less elastic
Answer: C
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The concept of "wages" does not include which of the following items?
A. bonuses and royalties earned B. money spent by workers C. direct money payments, like salaries and commissions D. fringe benefits, like health insurance and paid leave
If net exports are negative
A) net foreign investment is positive. B) capital inflows must be less than capital outflows. C) net foreign investment is also negative. D) Both A and B are correct.
The demand for money will be high in an economy experiencing _____
Fill in the blank(s) with the appropriate word(s).
The interest rate that the fome currently chooses to control is:
A. the discount rate. B. the federal funds rate. C. the prime rate. D. the 30-year Treasury bond rate.