A good synonym for elasticity would be:
A. change.
B. demand.
C. responsiveness.
D. stickiness.
Answer: C
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Which of the following statements is a defining feature of a corporation?
a. The owners of a corporation face unlimited liability on debts. b. A corporation owns and operates units only in foreign countries. c. A corporation is created by a verbal agreement. d. A corporation that is based on a verbal agreement is also recognized by State law. e. A corporation has a legal identity that is separate from that of its owners.
The market for reserves derives from the fact that:
A. desired reserves don't always equal actual reserves. B. the Fed refuses to lend to banks. C. reserves pay a relatively high return. D. banks do not want excess reserves.
Monetary policy influences the market interest rate, which in turn affects _____
Fill in the blank(s) with the appropriate word(s).
Which of the following are substitute goods?
A) margarine and butter B) peanut butter and jelly C) pizza and soda D) trucks and gasoline