A. the goods and labor markets.
B. the goods market
C. the money markets
D. the money and labor market
A. to make in a smaller size
B. to make in a actual size
C. to make in a half size
D. None of the above
A. fixed amount of money per unit traded
B. a percentage of money per unit traded
C. a percentage of the quantity of imports
D. All of the above
A. employed plus unemployed divided by labor force
B. total employment divided by population
C. labor force divided by population
D. unemployed divided by employed
A. Government policy
B. Expectations
C. National income
D. Historic trends
I- consumer price index (CPI)
II- GDP deflator
III- current account
IV- depreciation
A. I and II only
B. I and III only
C. III and IV only
D. I, II and III
A. in response to a price increase is less elastic than the elasticity of demand in response to a price decrease
B. is perfectly elastic if price increases and perfectly inelastic if price decreases
C. is constant regardless of whether price increase of decrease.
D. in response to a price increases is more elastic than the elasticity of demand in response to a price decrease