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Author Question: If the short run elasticity of demand for bus service is 1.01, we would expect the long run ... (Read 29 times)

jCorn1234

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on: Jun 30, 2018
If the short run elasticity of demand for bus service is 1.01, we would expect the long run elasticity of demand to be:
 a. relatively inelastic.
  b. greater than 1.01.
 c. equal to 1.01.
 d. less than 1.01.

Question 2

If the demand for money decreases, but the Fed keeps the money supply the same:
 a. nominal interest rates will rise and aggregate demand will fall.
  b. nominal interest rates will rise and aggregate demand will rise.
  c. nominal interest rates will fall and aggregate demand will fall.
  d. nominal interest rates will fall and aggregate demand will rise.


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kjo;oj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


jCorn1234

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Reply 2 on: Jun 30, 2018
Excellent

coreycathey

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Reply 3 on: Yesterday
:D TYSM

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