Inflation tends to redistribute real income from lenders to borrowers
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The demand for health care in industrially advanced economies is:
A. highly elastic with respect to both price and income. B. highly inelastic with respect to both price and income. C. highly elastic with respect to income but highly inelastic with respect to price. D. about unit elasticity with respect to income and relatively inelastic with respect to price.
Economics
Figure 9.6In Figure 9.6 if price is P3, then the industry will:
A. expand. B. contract. C. stay the same size. D. cease to exist.
Economics