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 60 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
Wow, this really help

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

The U.S. Long-Term Ecological Research (LTER) network. The U.S. Long-Term Ecological Research (LTER) network.
Red-bellied short-necked turtle Red-bellied short-necked turtle
Associative Long-Term Potentiation Associative Long-Term Potentiation
Cut view of long bone. Cut view of long bone.
Long-range forecasts Long-range forecasts
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: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library