PlayStations and PlayStation games are complementary goods. A technological advance in the production of PlayStations will
a. increase consumer surplus in the market for PlayStations and decrease producer surplus in the market for PlayStation games.
b. increase consumer surplus in the market for PlayStations and increase producer surplus in the market for PlayStation games.
c. decrease consumer surplus in the market for PlayStations and increase producer surplus in the market for PlayStation games.
d. decrease consumer surplus in the market for PlayStations and decrease producer surplus in the market for PlayStation games.
b
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According to this Application, how will an increase in government spending on entitlement programs affect the macroeconomy?
A) It will increase aggregate demand. B) It will increase aggregate supply. C) It will decrease aggregate demand. D) It will decrease aggregate supply.
One problem with deflation is that it can raise the real value of debt
Indicate whether the statement is true or false