The slowdown in the growth of real wages in the United States since 1973, accompanied with job growth is consistent with ________ growth of labor demand and ________ growth of labor supply:

U.S. net export spending rises when

A) the inflation rate is higher in the United States relative to other countries. B) the value of the U.S. dollar increases relative to other currencies. C) the price level in the United States rises relative to the price level in other countries. D) the growth rate of U.S. GDP is slower than the growth rate of GDP in other countries.

Suppose that the quantity of chain saws sold increased from 200 to 400 when the price fell from $225 to $175 . Over this price range, the absolute value of the price elasticity of demand for chain saws is

a. 0.25. b. 0.375. c. 1.0. d. 2.67. e. 4.0.