A horizontal demand curve is perfectly elastic because a change in price will induce an infinite change in quantity demanded
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In the above figure, which point represents a situation with significant shortages of labor, capital, and other resources?
A) point F B) point G C) point I D) point K
Economics
When there is excess aggregate demand, the appropriate fiscal policy would be for the government to
A. Increase the public debt. B. Make budget deficits larger. C. Make budget surpluses larger. D. Make budget surpluses smaller.
Economics