Everything else held constant, the greater the number of close substitutes there are for a good, the smaller the price elasticity of demand for that good

The U.S. government can play an important role in establishing the credibility of anti-inflation policy by

A) demonstrating fiscal responsibility. B) monitoring the Fed. C) conducting fiscal policy. D) all of the above.

A firm's demand for a resource is a(n)

a. final demand b. derived demand c. secondary demand d. induced demand e. marginal demand