If the elasticity measure equals 0.6, then the demand is

A) elastic.
B) unit elastic.
C) inelastic.
D) infinitely elastic.

C

Economics

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Over the business cycle, real GDP fluctuates around

A) the business cycle trough. B) the business cycle peak. C) nominal GDP. D) potential GDP. E) the Lucas Wedge.

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The CPI for all goods and services excluding food and energy is called a. a hedonic price index. b. the CPI basis. c. the core CPI

d. the producer price index.

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