If a $2 billion increase in investment brings about a $5 billion increase in equilibrium expenditure, we know that the multiplier equals

Which of the following explains why supply is more elastic as more time passes?

A) It is difficult or impossible to increase the quantity produced in a short period of time. B) Consumers have more time to search for substitutes. C) Sellers try to take advantage of a high price in the short term. D) The supply curve becomes generally steeper as more time passes. E) There is no explanation for this phenomenon.

Latin American economies have become relatively more closed to international trade since 1985

Indicate whether the statement is true or false