The Baumol-Tobin analysis suggests that an increase in the brokerage fee for buying and selling bonds will cause the demand for money to ________ and the demand for bonds to ________

How does an increase in income affect the market of iPads (normal good)?

a. The demand curve for iPads to shift to the right b. The demand curve for iPads to shift to the left c. The supply curve for iPads to shift to the right d. The supply curve for iPads to shift to the left

If resource prices are flexible, the long-run aggregate supply curve is vertical

a. True b. False Indicate whether the statement is true or false