Sugar and coffee are complements. When the price of coffee decreases, the demand for sugar
A. will shift inward.
B. will shift outward.
C. remains constant.
D. will fall.
Answer: B
Economics
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Inflation tends to redistribute income from
A) savers to borrowers. B) borrowers to savers. C) homeowners to landowners. D) parents to students.
Economics
If aggregate demand turns out to be higher than what was anticipated in an economy, then:
a. the economy experiences a contractionary gap. b. the short-run equilibrium occurs at the potential output. c. the short-run equilibrium occurs at an output level lower than potential output. d. the short-run equilibrium occurs at an output level higher than potential output.
Economics