Which of the following groups would be considered suppliers in the labor market?

The aggregate price level is likely to rise if ________

A) the long-run real interest rate rises B) the long-run nominal interest rate rises C) the stock of money grows faster than real GDP D) real GDP grows faster than the stock of money

Suppose the quantity demanded of ice cream cones increases from 400 to 425 cones a day when the price is reduced from $1.50 to $1.25. In this situation, the elasticity of demand, calculated using the average method, is

A) 3. B) 1. C) 0.33. D) 1.33.