Which of the following demand functions represents a price elasticity of demand equal to -0.33 and an income elasticity of demand equal to 0.8 at all points along the curve?

The duration of unemployment tends to

A) increase when employment increases. B) increase when business activity decreases. C) increase when the labor force shrinks. D) stay consistently the same over long periods of time.

The devaluation of a currency results in a(n):

a. initial increase in trade balance, but an eventual decline in trade balance. b. permanent decline in trade balance. c. permanent increase in trade balance. d. initial decrease in trade balance, but an eventual increase in trade balance.