Suppose a drought increased the price of corn by 25 percent while it decreased the quantity by 50 percent. The price elasticity of demand equals

How have states' control over globalization shifted in recent years?

a. It has decreased due to their lack of power over today's elimination of barriers to commerce. b. It has decreased since they have to be more mobile actors than other elements involved. c. It has increased since private international financial transactions now boost the resources controlled by states. d. It has increased due to their own strengthened ability to move money and goods in and out of their territories.

According to John Maynard Keynes,

A) Say's Law is always correct. B) prices and wages move up and down freely. C) effective demand determines real GDP. D) a free market economy automatically finds equilibrium at full employment. E) supply creates its own demand.