If a 6 percent increase in income leads to a 4 percent increase in quantity demanded for audio books, the income elasticity of demand is

A rancher raises shee

A) only the raw wool and the yarn. B) only the yarn and the sweaters. C) the raw wool, the yarn and the sweaters. D) only the sweaters.

The government expenditure multiplier reflects the magnification on ________ from a change in government expenditure on goods and services

A) tax receipts B) aggregate demand C) aggregate supply D) the budget deficit E) potential GDP