A supply curve that is parallel to the price axis is
A) perfectly elastic.
B) perfectly inelastic.
C) relatively inelastic.
D) unitary elastic.
B
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Give an example of a monetary policy target. Explain why the Fed uses policy targets
What will be an ideal response?
Bank's make their profits primarily by issuing
A) equity. B) negotiable CDs. C) loans. D) NOW accounts.
When a household's disposable income falls to zero, what do we expect will happen?
A. The household's consumption spending also falls to zero. B. The household will maintain a positive level of saving. C. Consumption will fall to the level of autonomous consumption. D. The household will maintain its previous level of consumption.
If a payout is certain to occur, then the variance of that payout equals
A) zero. B) one. C) the expected value. D) the expected value squared.