If the demand for a good is determined to be "unit elastic," then the elasticity measure
A) is greater than 1.0.
B) is equal to 1.0.
C) is less than 1.0.
D) is infinite.
B
Economics
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When crowding out occurs, higher government spending results in higher interest rates, which in turn results in:
a. higher inflation. b. less consumption and investment. c. a larger debt ceiling. d. more tax revenues.
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How would the Great Recession of 2007–2009 be pictured in a typical production possibilities curve?
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