Suppose the price of a good rises. in general, how does the percentage of your budget you spend on that good affect the elasticity of your demand for goods overall? a. the higher the percentage of your budget a good represents, the less elastic your overall demandb. the higher the percentage of your budget a good represents, the more elastic your overall demandc. the lower the percentage of your budget a good represents, the more inelastic your overall demandd. the lower the percentage of your budget a good represents, the more elastic your overall demand

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.