Perfectly inelastic demand is represented by a demand curve which is ________, and relatively inelastic demand is represented by a demand curve which is ________
A) upward sloping; horizontal B) horizontal; downward sloping
C) downward sloping; vertical D) vertical; downward sloping
D
Economics
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Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess ________ of goods which will cause aggregate output to fall
A) right; supply B) right; demand C) left; supply D) left; demand
Economics
Direct investment in the stock market by the Social Security trust fund
A) does not require that new money be brought into the system. B) would be more cost-effective than creating private accounts for each person in the Social Security system. C) would cause the government indirectly to own substantial parts of American companies. D) All of the above.
Economics