The cross-price elasticity of demand for coffee and coffee-cream is likely to be

A. Everything else remaining unchanged, what is likely to happen to the credit demand curve of an economy if:

i. businesses in the economy see scope for growth and are planning to expand production in the future? ii. households are pessimistic about future incomes? iii. the government is planning to borrow money from financial institutions for investment in infrastructures? b. Everything else remaining unchanged, what is likely to happen to the credit supply curve of an economy if firms tend to hold on to retained earnings instead of paying dividends?

The view held by Arthur Laffer and Ronald Reagan that cuts in tax rates would encourage people to increase the quantity of labor they supplied became known as

a. California economics. b. welfare economics. c. supply-side economics. d. elasticity economics.