A mixed economy cannot exist without a politically free society

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves is vertical?

A) SRAS B) AD C) LRAS D) None of the above

Economics

The value of price elasticity of demand for a good with no close substitutes

a. will tend to be greater than -1 (e.g., -0.03) b. will tend to be less than -1 (e.g., -4) c. will tend to be equal to -1 d. will tend to be equal to 0 e. cannot be determined without more information

Economics