Use the figure below to answer the following question. The case of complementary goods is represented by figure
A. 1.
B. 2.
C. 3.
D. 4.
Answer: C
Economics
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In the long run, an increase in the saving rate
a. doesn't change the level of productivity or income. b. raises the levels of both productivity and income. c. raises the level of productivity but not the level of income. d. raises the level of income but not the level of productivity.
Economics
A war destroys much of the capital stock in the country of Omega. As a result, holding other factors constant, the real wage in Omega will ________ and employment in Omega will ________.
A. increase; increase B. increase; decrease C. decrease; decrease D. increase; not change
Economics