In economics, "demand" refers to
A) the intensity of desire for a good.
B) the amount of a good people need rather than the amount they want.
C) the satisfaction a good will provide a person.
D) how much of a good people will buy at any price during a given time period.
D
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In the above figure, the axis break in the x-axis
A) reflects the fact that for the years covered in the figure, the unemployment rate was never less than 3 percent. B) shows that there is no relationship between inflation and unemployment. C) misleadingly shows that inflation has changed very little even though the unemployment rate has increased a great deal. D) implies that for the years covered in the figure, the inflation rate was always greater than 1 percent.
What are the economic implications of an inverted yield curve?
What will be an ideal response?