Answer:
c. gives the same answer regardless of the direction of change.
Explanation:
The midpoint method helps to calculate elasticity using the average percent change in quantity and price and its advantage is that it gives the same elasticity between two points no matter if price increases or decreases.
Answer:
A) price stability and maximum employment.
Explanation:
When Congress enacted the Federal Reserve Act in 1913, they stated the FED's mandates:
- promote maximum employment
- promote stable price
The FED's main objective is to conduct monetary policy in order to stabilize the economy and promote economic growth.
By stabilizing the economy the FED will lower inflation rate, therefore stabilizing prices. When the FED promotes economic growth, the unemployment rate should decrease, hopefully reaching a full employment.
Steven Ballard has a strategic initiative for East Carolina to be known as the leadership university.
His teaching and research are focused on leadership in the public sector, research and the development and the innovation process. He is also known for his amazing ethics and relentless support for ECU.
A = Pe^(rt)
<span>A = 5e^(0.02)(8) = 5.87 billion </span>
False
The short-run effects of an increase in the saving rate include a higher level of productivity, a higher growth rate of productivity, and a higher growth rate of income.
