This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the long run, the economy is better off if policymakers exploit the short-run trad-eoff between ... (Read 53 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
In the long run, the economy is better off if policymakers exploit the short-run trad-eoff between inflation and the unemployment rate.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The nation's largest cable TV company tested the effect of a price reduction for premium movie channels. It increased prices from 20 to 30 per month and found virtually no change in the number of customers. This means:
 a. the demand curve for the premium movie channels shifted to the right.
 b. the supply curve for premium movie channels shifted to the left.
 c. the demand for premium movie channels is very elastic in this price range.
  d. the demand for premium movie channels is very inelastic in this price range.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


lbcchick

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Long bones develop from several bony centers--one for the shaft and at least one for each end. The e Long bones develop from several bony centers--one for the shaft and at least one for each end. The e
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ... A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ...
Brush off the back. Apply several long brushing strokes from head to hips to finish the session. Brush off the back. Apply several long brushing strokes from head to hips to finish the session.
In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ... In the figure, a 10.0-m long bar is attached by a frictionless hinge to a wall and held ...
Video: Epidural Hematoma

For a complete list of videos, visit our video library