The only gas station within a radius of 200 miles has a

There is no change in total revenue when the demand curve for a good is:

a. unitary elastic. b. perfectly inelastic. c. elastic. d. inelastic. e. perfectly elastic.

According to traditional Keynesian analysis, if the economy is in a recession, the government can move it back towards full employment by

a. cutting taxes and increasing expenditures. The effect of the tax cut is larger. b. cutting taxes and increasing expenditures. The effect of the tax cut is smaller. c. raising taxes and decreasing expenditures. The effect of the tax increase is larger. d. raising taxes and decreasing expenditures. The effect of the tax increase is smaller.