If tastes for a good increased and the price of a substitute good decreased at the same time, as a result:
a. prices would rise
b. prices would fall.
c. larger quantities to be exchanged.
d. we would not know which direction either prices or quantities exchanged would be altered without more information.
d
Economics
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________ is the process of putting ideas or thoughts into symbolic form
a. Sourcing b. Encoding c. Decoding d. Sending
Economics
While Keynesians and supply-siders agree that stabilization policy can affect levels of unemployment and inflation, they disagree over
a. how much taxes should be cut b. how much government spending should be increased c. how monetary policy should be used d. how consumers spend their tax reductions e. whether aggregate demand or aggregate supply is the critical variable
Economics