A positive statement i. makes a statement about how the world operates. ii. is a true statement. iii. can be tested against the facts
A) i and ii
B) i and iii
C) ii and iii
D) i, ii and iii
E) i only
B
Economics
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In the New Keynesian model,
A) money is neutral. B) money is fixed. C) monetary policy has a real impact. D) prices are countercyclical.
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The demand for insulin is typically_________________ than the demand for a large screen TV
a. More elastic b. More inelastic c. Less elastic d. Less inelastic
Economics