The most effective and frequently used tool the Fed has to increase or decrease the economy's money supply is

Refer to Table 11-6. Alicia Gregory owns a foot massage business. She leases 4 computer-controlled massage booths, for which she pays $125 per day. She cannot increase the number machines she leases without giving the manufacturer 3 months notice

She can hire as many workers as she wants at a cost of $75 per day per worker. These are the only two inputs she uses in her business. Use this information to fill in the columns in the above table.

A demand curve with an elasticity of 1.0 is said to be an elastic demand curve

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