Question

when a market is in equilibrium the quantity demanded and the quantity supplied is equal True or False


when the qauntity demanded for a good is elastic it means the demand for the product is not influenced by price changes True or False

Answer 1

1) T
2) T

Answer 2

thank you :)

Answer 3

Anytime, I am taking Economics this year.

Answer 4

i do have three more true and false questions that i am stuck on

Answer 5

@SolomonZelman nominal GDP is calculated using unchanging prices True or False

unemployment can force the economy into an expansion True or Flase

expansionary polices involve increasing spending for all banks in the country True or False

Answer 6

For number 1, it is false, because Real GDP is calculated using unchanging prices not nominal.

Answer 7

For number 2, it is false, because would Economy really "expand" w/ unemployment? No the opposite.

Answer 8

3) I think this one is True.

Answer 9

ok thank you so much @SolomonZelman your awsome :)

Answer 10

Anytime! I should know this b/c it is my course! more help!
You can try using wikianswers.com too

Answer 11

(Next time, can you please do another question?)

Answer 12

haha sure thing :)

Answer 13

K, cool!

Answer 14

@SolomonZelman what are three types of investments? explan each

Answer 15

Stocks - a portion of the ownership of a corporation (explain this word more?).
A share in a corporation gives the owner of the stock a stake in the company and its profits.

Bonds - A debt investment in which an investor loans money to an entity (can be either corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate.

Cash - Short-term obligations, usually fewer than 90 days, that provide a return in the form of interest payments. With a lesser risk and profit.
(for example cash investments are - Money market funds & certificates of deposit)

Answer 16

@SolomonZelman i thought it was Business fixed investment, Residential investment, Inventory investment:
hhmmm...

Answer 17

Investment could mean various things....

Answer 18

I know Money, Bonds & Stocks, that's all I know.

Answer 19

@solomonzelman
ok not saying you are wrong i just cam across those three but i could be wrong lol.. what about this qyestion how can you describe the three theories of the causes of inflation and explain how inflation is used to messure economic performance

Answer 20

I know, K.
I remember that investment can mean something else, but those are only two of them.
Let me check my notes.
yes I see only two if that what it means:

Index Mutual Funds
Managed Mutual Funds.

Answer 21

So since it asks for 3 investments, I think therefore....

Answer 22

ok ill waut :)

Answer 23

wait*

Answer 24

for what?

Answer 25

I already checked my notes and told you the result......

Answer 26

@SolomonZelman oh ok thank you then what about this question... how can you describe the three theories of the cause of inflation and explain how inflation is used to messure economic performance

Answer 27

I don't even remember what 3 economic theories were. Sorry!

Answer 28

@solomonzelman its ok but hey i think that would be it thanks again for everything you really helped me alot and i appreciate that :)

Answer 29

You can post this question in a different thread. I hope someone else will help you!

Answer 30

ok i will if i got some other questions about econ i will deffienitly come to you :)

Answer 31

I am not good at economics, but you can certainly try.