Good A has an income elasticity equal to 1.0 and a cross price elasticity with respect to Good B of -0.6 . Then:
a. Good A is an inferior good and Goods A and B are substitutes.
b. Good A is an inferior good and Goods A and B are complements.
c. Good A is a normal good and Goods A and B are substitutes

Suppose coffee prices, gasoline prices, and concert ticket prices are all sharply higher this year compared to last year. The economy is experiencing

A) disinflation. B) deflation. C) inflation. D) possibly A, B, or C above.

According to Tobin's q theory, when equity prices are high the market price of existing capital is ________ relative to new capital, so expenditure on fixed investment is ________

A) cheap; low B) dear; low C) cheap; high D) dear; high