Which of the following does this equation show?





a. inelastic supply

b. inelastic demand

c. elastic supply

d. elastic demand

b. inelastic demand

Economics

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Identify the largest and smallest components of GDP

Economics

Which of the following describes the Volcker disinflation most accurately?

a. Almost all of the public believed that the Fed would keep money growth low, so unemployment rose less than it would have otherwise. b. Almost all of the public believed that the Fed would keep money growth low, so unemployment rose more than it would have otherwise. c. Much of the public did not believe that the Fed would keep money growth low, so unemployment rose less than it would have otherwise. d. Much of the public did not believe that the Fed would keep money growth low, so unemployment rose more than it would have otherwise.

Economics