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Author Question: When a 5 increase in price leads to an 8 increase in quantity supplied, supply is relatively ... (Read 34 times)

vicky

  • Hero Member
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  • Posts: 586
on: Jun 30, 2018
When a 5 increase in price leads to an 8 increase in quantity supplied, supply is relatively inelastic.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the Fed sells a U.S. government bond to a bank, what is the effect on the money supply?
 a. It will increase.
 b. It will not change.
 c. It will decrease.
 d. It will be uncertain.


frre432

  • Sr. Member
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  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


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