Unlike World War I (1914–18), the war debt of World War II (1941–45) was manageable and did not contribute to inflation

According to the text, the main reason for people to hold money is

A) because they are irrational. B) to use it for different reasons. C) to tell other people how rich they are. D) to enjoy looking at the pictures of past leaders.

Along a perfectly elastic demand curve,

a. the slope is always zero. b. the price elasticity of demand is 1. c. consumer purchases will not respond at all to a change in price. d. All of the above are true.