Lamps and lightbulbs are a good example of a pair of complementary goods. Therefore, we would expect the cross-price elasticity of these two products to be:

A movement along the production possibilities curve would be a result of:

A) unemployment. B) inflation. C) changes in prices. D) changes in the combinations of the two goods produced.

In the recent Global Economic Crisis, the end of cash-out mortgage refinancing caused

A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.