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

Author Question: A good is considered normal when its income elasticity of demand is ___ and inferior when the its ... (Read 156 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jun 30, 2018
:D TYSM

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

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?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Vision. Normal vision and vision problems. Vision. Normal vision and vision problems.
skull sagittal and inferior skull sagittal and inferior
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Normal conduction pathway in the heart Normal conduction pathway in the heart
A Normal Fault A Normal Fault
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library