Slope is the best measure of responsiveness of the quantity demanded to a price change.
Answer the following statement true (T) or false (F)
False
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According to public choice theory, low voter turnouts may be the result of cost-benefit calculations on the part of voters
Indicate whether the statement is true or false
The time it takes for Congress to deliberate over a specific fiscal policy action is an example of
A. A multiplier conflict. B. A design problem. C. A measurement problem. D. An implementation problem.
The shape of the short run aggregate supply curve is generally believed to be
a) a decreasing function of the price level b) an increasing function of the interest rate c) an increasing function of the price level d) vertical e) backward-bending
In the federal penitentiary at Lompoc, California, inmates used packages of mackerel to buy items such as haircuts at the prison barber shop and laundry services. What function do these packages of mackerel serve?
A) They functioned as money. B) They served as a corruption deterrent. C) They enabled prison officers to monitor illegal money flows. D) They forced prisoners to engage in barter.