When discussing the price elasticity of demand we generally refer to the absolute price elasticity of demand by consumers. This means that we will
A. consider absolute rather than relative changes.
B. ignore its relationship to demand.
C. disregard the minus sign.
D. disregard the law of demand.
Answer: C
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Poor people who participate in job training programs are more successful in leaving poverty.
A. True B. False C. Uncertain
If a government were to find that it cannot raise taxes any further, and that it cannot borrow any further from financial markets, the government:
A. can increase spending by having the central banks purchase its bonds. B. can decrease the amount of money in circulation. C. cannot increase its spending any further. D. is in default.
________ increases the size of the money multiplier
A) An open market sale of government securities by the Fed B) An increase in the currency drain ratio C) A reduction in the desired reserve ratio D) An open market purchase of government securities by the Fed E) An increase in the size of open market operations
Exhibit 2-15 Production possibilities curve
In Exhibit 2-15, the economy will experience the most future economic growth if it chooses what point now?
A. J. B. K. C. M. D. N.