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Author Question: If the demand curve is perfectly elastic, the elasticity coefficient is ____ and the curve is ____. ... (Read 37 times)

fasfsadfdsfa

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on: Jun 30, 2018
If the demand curve is perfectly elastic, the elasticity coefficient is ____ and the curve is ____.
 a. zero, vertical
 b. infinity, horizontal
  c. zero, horizontal
 d. infinity, vertical

Question 2

Which of the following combinations would unambiguously decrease the supply of money?
 a. The Fed pays a lower interest rate on bank reserves and increases the required reserve ratio.
 b. The Fed conducts an open market purchase of government securities and raises the discount rate.
 c. The Fed pays a higher interest rate on bank reserves and conducts an open market purchase of government securities.
  d. None of the above would unambiguously decrease the supply of money.


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mohan

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

b

Answer to Question 2

a


fasfsadfdsfa

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Reply 2 on: Jun 30, 2018
Wow, this really help

brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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