During the Great Depression of the 1930s, unemployment peaked at _____%

Suppose that the money multiplier is 3. If the monetary base increases by $1 million, the quantity of money will

A) increase by $3 million. B) increase by $333,333. C) decrease by $3 million. D) decrease by $333,333.

If the demand for cell phone service is inelastic, then

A) the percentage change in quantity demanded is greater than the percentage change in price (in absolute value). B) the percentage change in quantity demanded is less than the percentage change in price (in absolute value). C) the percentage change in quantity demanded is equal to the percentage change in price. D) the quantity demanded does not change in response to changes in price.