If the demand for coffee decreases as income decreases, coffee is a(n)
A. complementary good.
B. normal good.
C. substitute good.
D. inferior good.
Answer: B
Economics
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Which of the following is NOT one of the Fed's monetary policy tools?
A) last resort loans B) the required reserve ratio C) the income tax rate D) buying and selling U.S. government securities
Economics
An increase in the government budget surplus will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________
A) demand; right; rise B) demand; left; fall C) supply; left; rise D) supply; right; fall
Economics