The Fed established stock market margin requirements to reduce the possibility of a stock market panic
Indicate whether the statement is true or false
T
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If people in Pottsville purchase 20 percent more pickles today than they did in 1980,even though the price of pickles has increased 40 percent since 1980, the demand for pickles in Pottsville
A) does not obey the law of demand. B) has changed since 1980. C) is relatively elastic. D) is relatively inelastic. E) is unit elastic.
A public choice theorist would be most likely to say that government failure is a consequence of the
A) actions of selfish and corrupt politicians. B) rational behavior of the participants of the political process. C) irrational behavior of voters. D) irrational behavior of special interest groups.
As a supplier, you would probably supply _________________________labor at a higher price than a lower price.
Fill in the blank(s) with the appropriate word(s).
If a family's income increases by 5% at the same time that inflation is 3.5%, then the:
A. Family will need to spend more in order to maintain its standard of living B. Family will need to spend less in order to maintain its standard of living C. Family's standard of living is not affected by inflation D. Family will need to spend the same amount in order to maintain its standard of living