Refer to the figure above. What is the absolute value of the arc elasticity of demand when the price increases from $6 to $8?

What was particularly significant about the failure of the Bank of New England in 1991?

A) It was the FDIC's first use of the purchase and assumption method. B) It fell under the FDIC's "too big to fail" policy. C) The FDIC had to delay bank liquidation due to lack of funds. D) The FDIC began its policy of insuring checkable deposits fully.

The management of expectations has increased in importance in policymaking in recent decades with the rise of ________

A) traditional Keynesian theory B) institutionalist theory C) torsion theory D) new Keynesian theory