« previous next »

Author Question: A decline in aggregate demand is analogous to an upward movement along the short-run Phillips curve. ... (Read 110 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A decline in aggregate demand is analogous to an upward movement along the short-run Phillips curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Fantastic Cuts Hair Salon knows that a 15 increase in the price of their haircuts will result in a 5 decrease in the number of haircuts sold. What is the elasticity of demand facing Fantastic Cuts?
 a. 0.05
  b. 0.10
  c. 0.33
  d. 3.0


katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

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?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Coordination of antagonist muscles to perform movement. Coordination of antagonist muscles to perform movement.
Movement of Sodium and Potassium Ions During the Action Potential Movement of Sodium and Potassium Ions During the Action Potential
Traction the neck by placing the head, in neutral position facing upward, in one hand. Place the ... Traction the neck by placing the head, in neutral position facing upward, in one hand. Place the ...
Trapezius muscle movement Trapezius muscle movement
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library