As contrasted to the Keynesian view, mainstream economists believe that ________ than Keynesian economists believe
A) the real GDP growth rate is larger
B) any crowding out effect is smaller
C) the effects from fiscal stimulus are weaker
D) potential GDP is less important
E) the multiplier effect is larger
C
Economics
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Trisha's Fashion Boutique sells earrings and pendants. Trisha has two types of customers. Their willingness-to-pay for earrings and pendants are given in the table below
If Trisha bundles the earrings and pendants together, could she increase revenue? Earrings Pendant Type I 100 65 Type II 90 75
Economics
Use the above figure. When the price increases from $2 to $10, the absolute price elasticity of demand is
A) 0.67. B) 1.50. C) 0.25. D) 1.00.
Economics