Refer to Figure 6-5. The section of the demand curve labeled "A" represents
A) the inelastic section of the demand curve.
B) the unit-elastic section of the demand curve.
C) the perfectly elastic section of the demand curve.
D) the elastic section of the demand curve.
D
Economics
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Which of the following defines a hard peg?
A) An exchange rate determined by the market B) An exchange rate that fluctuates within a set band C) An exchange rate that is not allowed to vary D) An exchange rate that is backed by gold
Economics
Classical economists held the view that in the economy:
A. Demand creates its own supply B. Unemployment is temporary and is soon eliminated C. There is an imbalance between saving and investment D. It is difficult for an economy to adjust because wages and prices are inflexible
Economics