Suppose that the value of the short-run absolute elasticity of demand for a good is 0.3. Then, we know the long-run absolute price elasticity of demand will be

Based on the table above, the CPI for 2013 is

A) 100. B) 105.1. C) 98.5. D) 5.0%. E) 102.5.

At a given price level, an increase in expected profits and business confidence will shift the aggregate demand curve:

A) rightward. B) leftward. C) both. D) none of the above.