State and local governments in 2007 accounted for approximately _____ percent of all government spending

The elasticity of supply for paintings by Monet is

A) perfectly elastic. B) perfectly inelastic. C) unit elastic. D) inelastic.

Refer to Figure 24-1. Ceteris paribus, a decrease in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.