Typically, the more time suppliers have to adjust to changing market conditions,
A) the more elastic the supply curve.
B) the more elastic the demand curve.
C) the less elastic the supply curve.
D) the less elastic the demand curve.
A
You might also like to view...
Refer to Figure 11.5. A decrease in exports is best illustrated by diagram
A) A. B) B. C) C. D) D.
The equilibrium level of regulation is _____
a. determined where marginal political gains to the special interests are equal to the marginal political costs of the foregone regulation b. determined where the marginal benefits from the regulation are equal to the marginal costs of the regulation c. determined where the marginal political benefits to the special interests are equal to zero d. determined where the marginal benefits from the regulation are equal to zero
According to the quantity theory of money, if M's growth is lower than Q's, then:
A. V falls. B. V rises. C. P rises. D. P falls.
Which of the following allow banks to minimize the cost to a business of borrowing?
I. Borrowing long and lending short II. Raising funds from a large number of depositors III. Creating money by lending all their reserves A) I only B) II only C) I and III D) II and III