When the price of fresh fish increases 10%, quantity demanded decreases 5%. The price elasticity of demand for fresh fish is ________ and total revenue from fresh fish sales will ________.

Which of the following kinds of agreements between two or more countries would be an example of a shallow integration measure?

A) An agreement to accept another nation's certification of architects B) An agreement to unify customs forms in order to speed up cross-border traffic C) An agreement to use the same environmental standards D) An agreement to impose the same limits on cartels and monopolies E) An agreement to limit subsidies offered to domestic businesses

A decrease in the interest rate causes

A) movement up the IS curve. B) movement down the LM curve. C) the IS curve to shift to the left. D) the LM curve to shift to the right.