the government may reduce government spending or increase taxes in order to eliminate

Seasonal adjustment tends to

A) smooth a time series with an important seasonal component. B) accentuate seasonal fluctuations. C) take out the deviations from trend in a time series. D) make a time series acyclical.

The price elasticity of supply measures

A) the responsiveness of quantity demanded to a change in price. B) the responsiveness of quantity supplied to a change in price. C) the change in supply due to a change in input prices. D) the change in price due to a change in quantity supplied.