Price elasticity of demand is a measure of the relative responsiveness of the change in price to a change in quantity demanded

An increase in wealth ________ saving supply, and the supply of loanable funds curve ________

A) does not change; does not shift B) decreases; shifts rightward C) increases; shifts rightward D) increases; shifts leftward E) decreases; shifts leftward

If many of the workers who become unemployed as a result of a recession are retail workers:

A. they will return to employment once the government announces its stimulus and consumer confidence returns. B. the retail sector is likely to remain permanently smaller. C. the government likely will be unable to target its stimulus spending for these workers. D. the government will have to rely on targeting "retail-ready" projects for stimulus spending.