Suppose consumers save 17 percent of their incomes. If the government collects 10 dollar in taxes from each taxpayer and invested it in infrastructure, total social investment will ________ per taxpayer

If the percentage change in the quantity demanded is not zero but is less than the percentage change in the price, demand is

A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.

When interest rates are artificially lowered through expansionary monetary policy,

A) longer-term investment projects appear to be more profitable. B) production of capital goods increases. C) the economy experiences an unsustainable boom phase. D) the economy will likely fall into a recession in the longer run. E) all of the above tend to occur.