If a supply curve has a constant slope throughout its length, it must have a constant price elasticity throughout its length
a. True
b. False
Indicate whether the statement is true or false
False
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What might happen to the equilibrium price and quantity of Disney World tickets if Universal Studios offers discounts to families?
A. Price of Disney World tickets decreases, and quantity bought decreases B. Price of Disney World tickets increases, and quantity bought decreases C. Price of Disney World tickets decreases, and quantity bought increases D. Price of Disney World tickets increases, and quantity bought increases
Debt service refers to
a. repayment of principal on the debt b. repayment of interest on the debt c. repayment of principle and interest on the debt d. banks' offers to lend e. none of the above
Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Reserve, and nine million dollars in excess reserves
Given this information, we can say First National Bank has ________ million dollars in required reserves. A) one B) two C) eight D) ten
The most preferred solution for reducing cyclical unemployment is to: a. minimize recessions
b. provide unemployment benefits. c. provide food stamps. d. implement zoning laws.