Which of the following accurately explains the difference between slope and elasticity?
a. Slope uses percentage points; elasticity uses equilibrium points.
b. Slope uses equilibrium points; elasticity uses percentage points.
c. Slope uses relative percentage changes; elasticity uses units of measurement.
d. Slope uses units of measurement; elasticity uses relative percentage changes.
d. Slope uses units of measurement; elasticity uses relative percentage changes.
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The idea of an accelerator at work in the economy is associated with the
a. innovation cycle b. housing cycle c. external cycle d. internal cycle e. investment cycle
If the Apple corporation sells a bond it is
a. borrowing directly from the public. b. borrowing indirectly from the public. c. selling shares of ownership directly to the public. d. selling shares of ownership indirectly to the public.