A movement along the MP curve ________
A) implies an automatic adjustment of the interest rate
B) implies an autonomous adjustment to the interest rate
C) implies an autonomous adjustment of aggregate demand
D) all of the above
E) none of the above
A
Economics
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If the price of a six-pack of Pepsi falls from $4 to $3 and the quantity purchased increases 80 percent, then demand is
A) inelastic. B) elastic. C) unit elastic. D) perfectly inelastic. E) perfectly elastic.
Economics
"Hawks" are economists who argue that:
a) the goal of full employment should take priority over the goal of low inflation. b) greater central bank action is needed in times of economic hardship. c) too much monetary policy can have inflationary effects. d) the Federal Reserve should be abolished.
Economics