If 20% increase in the price of a good leads to a 60% decrease in the quantity demanded, then what is the price elasticity of demand?

If income is unequally distributed in an economy, increases in GDP may not raise well-being in an economy

Indicate whether the statement is true or false

The main difference between stabilization policies and structural reform policies is that stabilization policies

A) focus on microeconomic issues and structural reform policies focus on the macroeconomic environment. B) focus on macroeconomic issues and structural reform policies focus on the microeconomic environment. C) are rarely used by reform governments; they prefer to use structural reform policies in their place. D) create less unemployment than structural reform policies.