Different measurements of elasticity include:
A. income elasticity of demand, income elasticity of supply.
B. price elasticity of demand, price elasticity of supply.
C. cross-price elasticity of demand, income elasticity of supply.
D. preference elasticity of demand, cross-price elasticity of supply.
B. price elasticity of demand, price elasticity of supply.
Economics
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What happens in the long run after an increase in government spending growth?
A. Inflation expectations adjust and the SRAS curve shifts backwards. B. The AD curve remains permanently in its new position. C. The LRAS curve shifts out to match the increase in AD. D. The AD curve shifts back to its original position.
Economics
What is Pareto optimality?
What will be an ideal response?
Economics