Moving downward along a straight-line demand curve, the absolute value of the price elasticity of demand
a. always rises
b. rises until the midpoint of the curve is reached, and then falls
c. falls until the midpoint of the curve is reached, and then rises
d. always falls
e. falls from 1 to 0
D
Economics
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Refer to Table 11.1. What is the value of the government spending multiplier?
A) 1.67 B) 2.5 C) 3.33 D) 4
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Which of the following programs provides economic security to the elderly, disabled, widows, and fatherless children in the U.S.?
A) Social security B) Income security C) Federal household assistance program D) Federal income administration program
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