Examlex
When calculating price elasticity of demand, if the percentage change in price is negative, then the percentage change in quantity demanded is typically:
Loanable Funds
The money available for borrowing, reflecting the relationship between the demand for loans and the supply of savings in an economy.
Open Economy
An economy that engages in international trade, allowing goods, services, and capital to move freely across its borders.
National Saving
National saving is the sum of private and public savings in an economy, essentially the portion of national income that is not spent on consumption or government expenditure.
Consumption
The use of goods and services by households. It includes spending on durable goods, nondurable goods, and services.
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