As producers have more time to adjust to a price change, price elasticity of supply
a. increases
b. decreases
c. remains the same
d. rises and then falls
e. falls and then rises
A
Economics
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The GDP deflator is the best measure that reflects the prices of goods and services purchased by the typical household
Indicate whether the statement is true or false
Economics
In the monetarist view, a bond-financed increase in government spending would have a strong effect on real output in
a. both the short run and the long run. b. the short run but not the long run. c. the long run but not the short run. d. neither the short run nor the long run.
Economics