Other things remaining unchanged, the longer the time period under consideration, the greater will be the price elasticity of demand

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The term for the Fed's day-to-day technique for controlling the stock of money is

A) discounting operations. B) interest-rate operations. C) liquidity operations. D) open market operations. E) treasury operations.

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Suppose a Chinese firm moves its final assembly line to France and then ships the final products to other members of the EU trading bloc. This is an example of

A) trade diversion. B) trade deflection. C) trade restriction. D) trade detection.

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