Say's law argues that I. overproduction is typical in a market economy. II. supply creates its own demand

Suppose the actual budget deficit increases when the economy falls into a recession. This is an indication that

A) monetary policy was used during the recession. B) monetary policy was not used during the recession. C) fiscal policy was used during the recession. D) fiscal policy was not used during the recession.

A 10 percent increase in the price of tablets leads to a 10 percent decrease in the quantity demanded of tablets. The absolute price elasticity of demand for tablets is

A) 3. B) 0.3. C) 1. D) 10.