A perfectly inelastic demand curve is:
a. parallel to the horizontal axis
b. parallel to the vertical axis.
c. downward sloping with a slope of 45 degrees.
d. U-shaped with the minimum value equal to zero.
b
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An unexpected rise in Retail Sales should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
If imports of Japanese automobiles are restricted, prices of U.S-made automobiles in the United States will be higher than they would otherwise be
Indicate whether the statement is true or false
The price paid for the use of money is defined as the
A. Profit rate. B. Rental rate. C. Interest rate. D. Inflation rate.
A movement up the Phillips curve will cause
A. A decrease in both unemployment and inflation. B. A trade-off between unemployment and inflation. C. An outcome known as stagflation. D. An increase in both unemployment and inflation.