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Author Question: Irrespective of whether the inflation rate is high or low, if the inflation rate is above the ... (Read 80 times)

FButt

  • Hero Member
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  • Posts: 519
on: Jun 30, 2018
Irrespective of whether the inflation rate is high or low, if the inflation rate is above the expected level, the unemployment rate in the economy will remain stable.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the price elasticity of demand for a good is 0.25, then a 20 percent decrease in price results in a
 a. 0.0625 percent increase in the quantity demanded.
  b. 4 percent increase in the quantity demanded.
 c. 5 percent increase in the quantity demanded.
 d. 80 percent increase in the quantity demanded.


cloudre37

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

False

Answer to Question 2

c


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