If Stimpson University increases tuition in order to increase its revenue, it will
a. not be successful if the demand curve slopes downward
b. be successful if demand is elastic
c. be successful if demand is inelastic
d. be successful if supply is elastic
e. be successful if supply is inelastic
C
Economics
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The potential money multiplier gives us
A) the maximum potential change in the money supply due to a change in reserves. B) the growth in real national income when the money supply increases. C) the maximum potential change in the money supply due to a change in income. D) the growth in the money supply when income increases.
Economics
If investment has a low sensitivity to the interest rate, the IS curve is rather __________, so that monetary policy has a __________ effect on GDP
A) flat; strong B) flat; weak C) steep; strong D) steep; weak
Economics