Suppose that X and Y are substitute goods. If the price of good X increases, we can expect
a. the demand for good X to shift to the left
b. an upward movement along the demand curve for good Y
c. the demand curve for good Y to shift to the right
d. a downward movement along the demand curve for good Y
e. the demand curve for good Y to shift to the left
C
Economics
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I) The growth rate of Eduland's money supply in a particular year was 8.5%
What was the growth rate of real GDP if the inflation rate in the same year was 4%? ii) What is likely to happen if the growth rate of money supply doubles in the following year, while the growth rate of real output remains unchanged?
Economics
In the foreign exchange market, the supply curve of dollars is
A) vertical. B) downward sloping. C) identical to the demand curve for dollars. D) upward sloping. E) horizontal.
Economics