Demand is price-elastic at the top portion of a straight-line downward-sloping demand curve
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following supports the classical theory of employment?
A. The interest rate will not always equalize savings and investment. B. Not everything produced will necessarily be purchased. C. Saving and investing are done by different people for different reasons. D. Wages and prices are flexible downwards.
Refer to the graph below for a purely competitive firm in the short run. The price of the firm's product is given by:
A. 0F/0C
B. 0G/0C
C. 0F/0B
D. 0E/0A
If the APS rises by .02, how much does total saving rise?
C = $6.4 trillion Disposable income = $8 trillion Autonomous consumption = $4 trillion
A nation's real GDP per capita is the ratio of real GDP to population
a. True b. False Indicate whether the statement is true or false