If Dr. Giltscalpel's gross revenue doubled when he doubled his surgical fees, the demand for his services within the relevant price range would be

A) indeterminate.
B) perfectly elastic.
C) perfectly inelastic.
D) unit elastic.
E) none of the above.

C

Economics

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The Keynesian macroeconomic model states that

A) changes in technology generate business cycles. B) the economy is inherently unstable and government intervention is required to maintain continued economic growth. C) fluctuations in the quantity of money are responsible for most economic recessions. D) markets work efficiently to produce the best macroeconomic outcomes. E) the economy is fairly stable.

Economics

The results of the Bureau of Labor Statistics' establishment survey measure

A) only the number of nonfarm payroll workers who have found employment. B) only the number of nonfarm payroll workers who have lost jobs. C) the net change in nonfarm payroll worker employment. D) the number of nonfarm payroll workers and farm workers who have found jobs minus the number of nonfarm payroll workers and farm workers who have lost jobs and are no longer seeking employment.

Economics