A _______ demand curve has a price elasticity of demand that is perfectly inelastic

What is the value of the intra-industry trade index for an industry in which exports are $100 million and imports are $100 million?

a. 100/200 = 0.50 b. (100 + 100)/100 = 2.00 c. 100/[1/2 × (100 + 100)] = 1.00 d. (100 - 100)/100 = 0.00

Assume that the M1 multiplier is 2.5. If the Federal Reserve purchases $200 worth of government securities, the money supply will

A) rise by $200. B) rise by $500. C) fall by $200. D) fall by $500.