In differentiating between the short-run and long-run elasticities for the same good, when economists talk about short-run elasticities,
a. they cannot distinguish between the two types
b. there is no differentiation if it's the same good
c. they are the same as long-run elasticities for the same good
d. they are usually higher than long-run elasticities
e. they are usually lower than long-run elasticities
E
Economics
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a. True b. False Indicate whether the statement is true or false
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Sophia receives a $400 gift card for her campus bookstore from her parents. Which of the following is true regarding the $400 gift card?
A. It is counted in only M2. B. Stored-value cards are not counted in either M1 or M2. C. It is counted only in M1. D. It is included in both M1 and M2.
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