Demand determines price entirely when
A. demand is downward sloping.
B. supply is perfectly inelastic.
C. supply is perfectly elastic.
D. demand is perfectly inelastic.
Answer: B
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Based on the information in the above table, what is the unemployment rate? What is the labor force participation rate?
What will be an ideal response?
Two parties can capture gains from specialization and trade whenever: a. One party is twice as good as producing all goods as the other
b. The opportunity costs of producing each good are the same for both parties. c. Both parties can produce equal amounts of both goods. d. None of the above are true.
When the Fed purchases securities from a bank, it __________ reserves and ____________ the money supply
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) has no impact on; has no impact on
____________________: Price actually paid for a specific propert
Fill in the blank(s) with the appropriate word(s).