In the above figure, the range of unit elasticity occurs

A) on the vertical axis.
B) on the horizontal axis.
C) between point c and point d.
D) below point e.

C

Economics

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The attribute that distinguishes money from other assets is that only money

A) retains its value during times of inflation. B) is counted in determining the size of an individual's wealth. C) serves as a medium of exchange. D) may be used as collateral for a bank loan.

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The effects of borrowing by the federal government would be studied by a microeconomist rather than a macroeconomist

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

Economics