The elasticity of demand for gasoline is likely to be relatively low in the short term and higher as the period of time gets longer.
Answer the following statement true (T) or false (F)
True
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Minimizing per-dollar distribution costs favors issuing bonds __________ for issue sizes above approximately __________
A) privately; $10,000,000 B) privately; $100,000,000 C) publicly; $10,000,000 D) publicly; $100,000,000
Refer to the above figure. At a price of three cents, a(n) ________ of bubble gum will exist in the market
A) surplus B) shortage C) equilibrium quantity D) excess quantity supplied
Which of the following is a cash transfer received from the government?
a. Medicaid b. Earned Income Tax Credit c. Food stamps d. Housing assistance e. Free education
Which of the following would constitute contractionary monetary policy by the Fed?
a. An increase in income tax rates, a cut in government spending, and an elimination of the investment tax credit b. Open market sales of government securities, an increase in the discount rate, and an increase in reserve requirements c. An increase in tariffs on imported goods and a decrease in foreign aid d. Open market purchases of government securities, a cut in the discount rate, and an increase in reserve requirements