The price elasticity of demand is the
A. change in quantity demanded divided by the change in price.
B. percentage change in price divided by the percentage change in quantity demanded.
C. change in price divided by the change in quantity demanded.
D. percentage change in quantity demanded divided by the percentage change in price.
Answer: D
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Using the UIP equation, what would happen to the spot rate for euros if the interest rate on U.S dollars deposits rises ceteris paribus?
A) the spot rate for euros would rise B) the spot rate for euros would fall c) the spot rate for euros would be unchanged d) all of the above could happen
One of the most important views expressed by classical macroeconomists was that:
A. Wages and prices are inflexible B. Wages and prices are always rising C. Demand creates its own supply D. Supply creates its own demand