In the graph shown, which of the world supply curves create a trade deficit?

In the figure above, when the price falls from $5 to $4, the price elasticity of demand is

A) 2. B) 3. C) 0.75. D) 1.5. E) 0.33.

There are four limitations to the effectiveness of discretionary fiscal policy. Which item below is NOT one of these limitations?

A) shrinking area of lawmaker discretion B) lawmaking time lag C) estimating potential GDP D) fiscal multiplier E) economic forecasting