If nominal wages are contractually fixed and cannot change in the short run, then an unexpected decline in the inflation rate will reduce business revenues and lower the unemployment rate.
a. True
b. False
Indicate whether the statement is true or false
Question 2
If the short run elasticity of demand for widgets is 1.1 and the long run elasticity of demand for widgets is 3.6, a decrease in price will ____ total revenue in the short run and ____ total revenue in the long run.
a. Increase; increase.
b. Increase; decrease.
c. Decrease; increase.
d. Decrease; decrease.
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Data management short answer q
A solenoid has an area of 41.0 cm2. Find the change in magnetic flux through the solenoid.
Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or