The demand for the product of a competitive price-taker firm is:
a. perfectly inelastic.
b. perfectly elastic.
c. greater than zero but less than one.
d. dependent on the availability of substitutes for the firm's product.
b
Economics
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If there is a stable downward-sloping Phillips curve, it follows that an economy can choose the combination of
A) high unemployment and low inflation. B) low unemployment and high inflation. C) moderate unemployment and moderate inflation. D) low inflation and low unemployment. E) a, b, and c
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Government budgets are
A. always adhered to. B. not necessary. C. guides for project analysis. D. easy to create.
Economics