The Elasticity of Supply of Computer-Game Programmers Will Generally Be

question 89

Multiple Choice

The elasticity of supply of computer-game programmers will generally be greater if we are analyzing the amount supplied to

• A)the whole economy in the short run.
• B)the whole economy in the long run.
• C)a particular industry in the short run.
• D)a particular industry in the long run.
• E)a specific firm.

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Definitions:

Yield

The income returned on an investment, often expressed as an annual percentage of the cost or market value of the investment.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.

Duration

Duration measures a bond's sensitivity to changes in interest rates, representing the weighted average time to receive the bond's cash flows.

Payments

Transactions or transfers of money from one person or entity to another.