The median voter rule says that the government will make choices that reflect the preferences of the voters whose preferences are held by at least 51% of the voters.

Suppose that when the price of pickles decreases, Teddy increases his purchase of ketchup. To Teddy,

A) pickles and ketchup and substitutes. B) pickles and ketchup are normal goods. C) pickles and ketchup are complements. D) pickles are a normal good and ketchup is an inferior good.

The demand for money is a downward sloping line that depicts the relationship between the price level and the opportunity cost of holding money

a. True b. False Indicate whether the statement is true or false