This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A common definition of a recession is a period of time A) of at least 6 months during which real ... (Read 111 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
A common definition of a recession is a period of time
 
  A) of at least 6 months during which real GDP decreases.
  B) with an increase in real economic output from the previous period.
  C) with no change in real GDP.
  D) with no change in the dollar (money) value of economic output.

Question 2

The table above gives the demand schedule for peas. Between point A and point B, the price elasticity of demand equals
 
  A) 0.11.
  B) 0.50.
  C) 0.22.
  D) 9.09.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Common hydrogen bonds in biological systems Common hydrogen bonds in biological systems
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Time course and phases of a nerve cell going from resting potential to action potential Time course and phases of a nerve cell going from resting potential to action potential
Common skin signs are often evidence of an illness or disorder. A nodule is a larger papule; acne ... Common skin signs are often evidence of an illness or disorder. A nodule is a larger papule; acne ...
Common Symptoms of Schizophrenia Common Symptoms of Schizophrenia
Common Causes of Walking Gait Deviations Common Causes of Walking Gait Deviations
Video: Flexor reflex & Crossed extensor reflex

For a complete list of videos, visit our video library