Assume that eggnog and cookies are complements. If the price of eggnog goes up, what happens to the demand for cookies?
a. demand for cookies increases
b. demand for cookies decreases
c. demand for cookies remains unchanged
d. the shift in demand will depend on the original price of cookies
B
Economics
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Standard of living tends to rise in proportion to the growth rate in labor productivity
Indicate whether the statement is true or false
Economics
When the money supply decreases, other things being equal,
a. real interest rates fall and investment spending rises. b. real interest rates fall and investment spending falls. c. real interest rates rise and investment spending falls. d. real interest rates rise and investment spending rises.
Economics