A price elasticity of demand of 2.3 implies

Suppose the shift from AD0 to AD1 and from AS0 to AS1 is the result of fiscal policy. Which of the policies below could lead to these shifts?

i. An increase in government expenditure ii. A tax cut iii. A decrease in government expenditure iv. A tax hike A) iv only B) i and ii C) i and iv D) i only E) iii and iv

It is important to compare debt levels of low- and middle-income countries to exports because countries must earn foreign exchange in order to service their debts

Indicate whether the statement is true or false