In the United States, the long-run inflation target is ________

According to the concept of framing, when a customer calls a hotel regarding a reservation the hotel reservationists generally state room rates as the _____

a. lowest they charge during peak demand periods b. average they charge during peak demand periods c. highest they charge during peak demand periods and then discount those rates d. lowest they charge during off-peak demand periods e. highest they charge during off-peak demand periods and then discount those rates

If income elasticity is positive, a product is inferior

Indicate whether the statement is true or false