Put the following products in order from the least to the most elastic demand: Domino's pizza, pizza, and pizza from Domino's on the corner of Main Street and 8th Avenue
a. Domino's pizza; pizza; pizza from Domino's on the corner of Main Street and 8th Avenue
b. pizza; pizza from Domino's on the corner of Main Street and 8th Avenue; Domino's pizza
c. pizza; Domino's pizza; pizza from Domino's on the corner of Main Street and 8th Avenue
d. pizza from Domino's on the corner of Main Street and 8th Avenue; Domino's pizza; pizza
c
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Which of the following fiscal policy changes would be the most expansionary?
A. A $20 billion tax cut and $20 billion increase in government purchases B. A $40 billion tax cut C. A $10 billion tax cut and $30 billion increase in government purchases D. A $40 billion increase in government purchases
The market supply curve can be derived by
A) vertically adding the individual supplies at each quantity level. B) multiplying the price and quantity supplied at each price level. C) horizontally adding the individual supplies at each price level. D) looking at the capacity utilization in the largest firms in the industry.
When Bank A obtains a loan from the Fed, the
A) discount rate is probably higher than the federal funds rate. B) bank's reserves increase. C) simple deposit multiplier decreases. D) b and c E) none of the above
Buying a cup of coffee with a dollar bill represents the use of money as a:
A. medium of exchange. B. unit of account. C. store of value. D. commodity.