Any increase in efficiency increases output available for distribution

If the price elasticity of demand for moose hunting lessons is 4.23, then the demand for moose hunting lessons is

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

Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate

A) plus; equals B) equals; plus C) equals; minus D) minus; equals