The more _____ the demand, _______.
Fill in the blank(s) with the appropriate word(s).
Elastic ; the larger the amount paid by sellers
Economics
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Which of the following is likely to be true when the economy is in a boom?
A) The inflation rate is negative. B) The size of government expenditure multiplier is small. C) The size of government expenditure multiplier is large. D) The unemployment rate is high.
Economics
Refer to the scenario above. If the economy is currently on F2 and produces Y3 level of output, a leftward shift of the labor demand curve with no change in productivity will cause output to ________
A) increase from Y3 to Y4 B) decline from Y3 to Y1 C) decline from Y3 to Y2 D) increase from Y3 to Y5
Economics