Supply is very inelastic when
A. The quantity supplied changes only when demand changes.
B. The quantity supplied changes little when the price increases.
C. The quantity supplied does not change at all when price increases.
D. The quantity supplied changes a lot when price increases.
Answer: B
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Both ________ and ________ were financial innovations that occurred because of interest rate volatility
A) adjustable-rate mortgages; commercial paper B) adjustable-rate mortgages; financial derivatives C) sweep accounts; financial derivatives D) sweep accounts; commercial paper
In what ways do entrepreneurs differ from other innovators? In what types of businesses do entrepreneurs and innovators tend to work? How do past successes affect these types of individuals?
What will be an ideal response?
Explain why abrupt changes in farm output have a magnified effect on market prices.
What will be an ideal response?
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If policy makers decide on a policy at point t3 but it does not affect the economy until period t6, then the policy choice is likely to be
A. optimal. B. inappropriate. C. ineffective. D. none of the above.