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 29 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
Excellent

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

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?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
Herbivores exploit plants Herbivores exploit plants
The Internal Anatomy of a Long Bone The Internal Anatomy of a Long Bone
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library