If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be

Which of the following assets is most liquid?

a. short-term government bonds b. savings accounts c. checking accounts d. currency and coins

For a good that is a necessity, demand

a. tends to be inelastic. b. tends to be elastic. c. has unit elasticity. d. cannot be represented by a demand curve in the usual way.