If a good has a price elasticity of demand equal to 0, ________
A) the percentage change in quantity demanded for the good will be greater than the percentage change in its price
B) the demand curve of the good is upward sloping
C) the smallest increase in its price causes consumers to stop consuming it completely
D) the quantity demanded is completely unaffected by a change in its price
D
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A short-run decrease in real GDP will
a. increase the price of non-labor inputs, increase input requirements per unit of output, and increase the price level b. increase the price of non-labor inputs, decrease input requirements per unit of output, and decrease the price level c. decrease the price of non-labor inputs, decrease input requirements per unit of output, and decrease the price level d. increase the price of non-labor inputs, decrease input requirements per unit of output, and increase the price level e. decrease the price of non-labor inputs, increase input requirements per unit of output, and increase the price level
When the supply and demand of currencies in the foreign exchange market determines their relative values, this is known as
A) flexible exchange rates. B) depreciation. C) fixed exchange rates. D) appreciation.