Interest is to saver as
A) interest is to debtor.
B) profit is to entrepreneur.
C) tuition is to student.
D) commission is to committee.
B
Economics
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What impact does expansionary monetary policy have on the short-run Phillips curve if consumers and firms expect the expansionary monetary policy to increase inflation?
A) The short-run Phillips curve is not affected by expansionary monetary policy. B) The short-run Phillips curve shifts down. C) The short-run Phillips curve shifts up. D) The short-run Phillips curve becomes the long-run Phillips curve.
Economics
If the quantity sold of two-liter Coke bottles increases by 10% when price falls by 2%, what is the total change in revenue?
a. Revenue increases by 12% b. Revenue increases by 8% c. Revenue falls by 8% d. Revenue falls by 12%
Economics