Economists use elasticity to measure the responsiveness of quantity to a change in price rather than the slope of the demand curve because elasticity is
A) independent of the units of measurement.
B) dependent on the units of measurement.
C) easier to calculate.
D) harder to calculate.
E) always negative whereas the slope is always positive.
A
Economics
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Which of the following concerns were raised as a result of record low interest rates in 2012?
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An increase in government spending will have the greatest expansionary impact on the economy if it is combined with:
a. an increase in tax revenue equal to the increase in spending. b. a decrease in tax revenue equal to the increase in spending. c. unchanged tax revenue. d. none of these is true.
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