The price elasticity of demand for purses is measured in what units?
A) dollars
B) purses
C) dollars per purse
D) The price elasticity of demand is a unitless measure.
D
Economics
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Recessions are periods of:
A) leftward shifts in labor supply. B) rightward shifts in labor supply. C) rightward shifts in labor demand. D) leftward shifts in labor demand.
Economics
Which type of unemployment leads to a natural rate of unemployment above zero?
A. Frictional unemployment B. Cyclical unemployment C. The natural rate of unemployment is always zero. D. Unemployment of government workers
Economics