The cost of building a blast furnace for an iron and steel firm would be categorized as a:
a. total cost

Given that milk and cookies are complements, suppose the price of flour (an ingredient in cookies) rises. What happens in the market for cookies?

A) The equilibrium price and quantity rise. B) The equilibrium price rises, and the equilibrium quantity falls. C) The equilibrium price and quantity fall. D) The equilibrium price falls, and the equilibrium quantity rises.

Liquidity preference theory indicates that at lower interest rates

A) investment is greater. B) money demand is greater. C) consumption is greater. D) money supply is greater.