If the price of jelly increases 10 percent and the amount of peanut butter purchased decreases 20 percent, then the cross-price elasticity of these goods is:

Newly-privatized firms in Eastern Europe require __________ investor monitoring, which suggests the relative desirability of a __________-oriented financial system

A) heavy; banking B) heavy; markets C) little or no; banking D) little or no; markets

An adverse supply shock with a vertical supply of labor curve will

A) raise the price level and leave unemployment unchanged. B) raise unemployment and lower the price level. C) raise both unemployment and the price level. D) lower both unemployment and the price level.