Around the year ______, growth in the world output per head accelerated sharply.

If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, the demand for Palace Cinema tickets between the two prices is

A) elastic. B) inelastic. C) marginal. D) unit elastic.

The Board of Governors is the

A) Presidents of the 12 regional banks of the Federal Reserve. B) 7-member group that oversees the Federal Reserve. C) 12-member monetary policy committee of the Federal Reserve. D) 50-member organization of state banking regulators of the Federal Reserve.