A discount shoe manufacturer's advertisement suggests that they are almost as good as the name brands but better value. The shoe manufacturer believes that the advertisement will make
a. The demand for its product less elastic
b. His customers less price sensitive
c. Him able to raise prices
d. None of the above
d
Economics
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Explain the difference between frictional and structural unemployment
What will be an ideal response?
Economics
If private sector investment does not respond much to interest rate changes, then
A) there will be more crowding out when expansionary policies are undertaken. B) there will be less crowding out when expansionary policies are undertaken. C) fiscal policy will be less effective than monetary policy. D) monetary policy will be more effective than fiscal policy.
Economics