If the price of bottled air sold at a colony on the moon doubles, and yet quantity demanded does not change, demand is ________.
Fill in the blank(s) with the appropriate word(s).
perfectly inelastic
Economics
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Would the maximum loan that a bank can make be different when receiving a discount loan from the Federal Reserve of $1 million versus receiving a checking account deposit of $1 million? Explain why or why not
What will be an ideal response?
Economics
The cumulative power of productivity growth: a. emphasizes the importance of short-term growth. b. emphasizes the importance of long-term growth. c. emphasizes the importance of capital–labor ratio. d. increases poverty in an economy
e. leads to capital deepening
Economics