When the price of a good increases, what would we expect to see in the markets for its complements?
A. Lower prices and increased sales
B. Lower prices and decreased sales
C. Higher prices and increased sales
D. Higher prices and decreased sales
Answer: B
Economics
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When the quantity of money demanded is greater than the quantity of money supplied, people ________ bonds and the interest rate ________
A) sell; rises B) sell; falls C) buy; rises D) buy; falls
Economics
The Phillips curve based on the unemployment and inflation rates in the U.S. between 1961 and 1969 was:
a. upward-sloping. b. downward-sloping. c. horizontal. d. vertical. e. upward-sloping but kinked.
Economics