If a decrease in the price of good A causes a decrease in demand for good B, the two goods are

A) substitutes.
B) complements.
C) normal.
D) inferior.

A

Economics

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If the CPI is 170 at the beginning of the year and 181 at the end, and a bank is paying a nominal interest rate of 6 percent, we see that

A) the real interest rate is positive and is less than 1 percent. B) the interest nominal rate is negative. C) the real interest rate is negative. D) the real interest rate is positive and is larger than 1 percent. E) the real interest rate is equal to zero.

Economics

A firm's total cost in the short run is the sum of its fixed cost plus its variable cost plus its marginal cost

Indicate whether the statement is true or false

Economics