Economists sometimes call zero economic profit a ______ rate of return.

If a good has an absolute price elasticity of 1, the demand for the good is

A) unit elastic. B) inelastic. C) perfectly elastic. D) elastic.

Other things constant, the quantity of money demanded varies: a. directly with the market interest rate

b. inversely with the market interest rate. c. inversely with the price level. d. directly with the price level. e. inversely with the unemployment rate.