Refer to Figure 6-8. Identify the two goods which are complements
A) Good X and Good Y
B) Good X and Good Z
C) Good Y and Good Z
D) It is not possible to distinguish any relationship among the goods.
C
Economics
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If the euro replaces the U.S. dollar as the world's most popular currency, that will likely ________
A) reduce M1, without affecting M2 B) reduce M2, without affecting M1 C) cause a temporary increase in M1 D) affect neither M1 nor M2 E) none of the above
Economics
In a free-market system, producers will react to an increase in demand when
a. the price goes up. b. the government announces the increased demand. c. their costs increase. d. the free press publishes news of the increased demand.
Economics