Research supporting the new Keynesian model finds that prices are ________
A) slow to adjust to aggregate demand shocks
B) changed very frequently
C) changed only infrequently
D) not as flexible as wages
A
Economics
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If the price elasticity of supply of tablets is constant and equal to 2.5, a 10 percent increase in price will result in a change in quantity supplied equal to
A) 2.5 percent. B) 25 percent. C) 20 percent. D) -20 percent.
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The infamous "bridge to nowhere" was tucked into emergency spending intended for
A. rebuilding after Hurricane Katrina. B. the new lunar landing mission. C. the war in Iraq. D. elimination of Medicare entitlements.
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