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Author Question: A good is considered normal when its income elasticity of demand is ___ and inferior when the its ... (Read 133 times)

littleanan

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on: Jun 30, 2018
A good is considered normal when its income elasticity of demand is ___ and inferior when the its income elasticity of demand is ___.
 a. Greater than zero, less than zero.
  b. Less than zero, greater than zero.
  c. Greater than one, less than one.
  d. Less than one, greater than one.

Question 2

The steeper the short-run aggregate supply curve over the relevant range, the more contractionary monetary policy will reduce prices and the less it will decrease real output.
 a. True
  b. False
  Indicate whether the statement is true or false


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Sweetkitty24130

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

a

Answer to Question 2

True


littleanan

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Reply 2 on: Jun 30, 2018
Excellent

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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