Generally, the elasticity of demand for an energy source in the long run will be
a. approximately equal to its elasticity of demand in the short run.
b. considerably more elastic than in the short run.
c. slightly less elastic than in the short run.
d. considerably less elastic than in the short run.
B
Economics
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Here's a taste of economic history: in the United States, the government's Office of Price Administration (OPA) introduced a rationing system in
a. 1929 b. 1932 c. 1942 d. 1967 e. 1973
Economics
The principle of monetary neutrality implies that an increase in the money supply will
a. increase real GDP and the price level. b. increase real GDP, but not the price level. c. increase the price level, but not real GDP. d. increase neither the price level nor real GDP.
Economics