Exhibit 5-1 Demand curve
?

In Exhibit 5-1, between points a and b, the price elasticity of demand is:

Which of the following decreases aggregate demand and shifts the AD curve leftward?

A) a tax cut B) an increase in quantity of money C) an interest rate hike D) a decrease in potential GDP E) an increase in government expenditures on goods and services

As GDP decreases during recessions, unemployment generally increases. Unemployment is therefore said to be procyclical

Indicate whether the statement is true or false