The calculation of the responsiveness of suppliers to changing prices is represented by
a. cross elasticity
b. supply elasticity
c. the supply coefficient
d. long-run supply
e. market-day supply
B
Economics
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An increase in U.S. official reserve assets is entered in the U.S. balance of payments accounts as a
a. credit. b. debit. c. current account item. d. None of the above
Economics
A period of sustained growth in output in an economy is referred to as a(n) _____
a. expansion b. contraction c. peak d. trough e. recession
Economics