Exchange of developing country debt (at a discount) for private ownership of state-owned assets is called

With a fixed supply of money, as GDP rises, the demand for money ____ and therefore ____ must rise to encourage savers to hold financial assets instead of cash.

A) falls; prices B) rises; incomes C) rises; rates of interest D) falls; taxes

If a 10 percent increase in the price of gasoline results in a 2 percent decrease in the quantity demanded of gasoline, then the elasticity of demand for gasoline is:

a. equal to 0.2 and demand is inelastic. b. equal to 0.2 and demand is elastic. c. equal to 0.02 and demand is elastic. d. equal to 0.5 and demand is inelastic. e. equal to 0.5 and the demand is elastic.