If the rate of job finding equals 19%, and the natural rate of unemployment is 5%, then the rate of job separation equals

Consumers have been buying fewer CDs as downloadable music has become easier to purchase and use. We would represent this as

A) a leftward shift of the demand curve for CDs. B) a rightward shift of the demand curve for CDs. C) a change in the price of CDs. D) a leftward shift of the supply curve for downloadable music.

If the absolute price elasticity of demand for good Y is 0.5, when there is a 20 percent increase in price, we can conclude that quantity demanded

A) has fallen by 100 percent. B) has fallen by 1 percent. C) has fallen by 10 percent. D) has fallen by 4 percent.