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 17 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
Gracias!

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
Short form of amino acids Short form of amino acids
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library