Demand is elastic if elasticity is greater than ______.
Fill in the blank(s) with the appropriate word(s).
one
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The firm's supply curve is its
A) marginal cost curve, at all points above the minimum average variable cost curve. B) marginal cost curve, at all points above the minimum average fixed cost curve. C) marginal cost curve, at all points above the minimum average total cost curve. D) marginal revenue curve, at all points above the minimum average total cost curve.
Emigration is when people leave a country because of supply push factors
Indicate whether the statement is true or false
Which of the following is NOT an argument against using monetary policy to prick asset-price bubbles?
A) The effect of increasing interest rates on asset prices is uncertain. B) A bubble may only exist in some asset-prices and monetary policy will affect all asset prices. C) Using monetary policy to prick an asset-price bubble may have adverse effect on the aggregate economy. D) Even though credit-drive bubbles are easier to identify, they are still relatively hard to identify.
Fred lost his factory job, replaced by welding robots. He is now going to technical school to learn computer repair because he cannot find a similar job to the one he lost. Fred is: a. Frictionally unemployed. b. Structurally unemployed. c. Cyclically unemployed
d. Not unemployed.