Complementary goods are goods people consume together, such as peanut butter and jelly. If the price of peanut butter falls, we predict
A) the demand for peanut butter would increase.
B) the demand for jelly would increase.
C) the demand for peanut butter would decrease.
D) the demand for jelly would decrease.
B
Economics
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The view that expectations change relatively slowly over time in response to new information is known in economics as
A) rational expectations. B) irrational expectations. C) slow-response expectations. D) adaptive expectations.
Economics
Which of the following does not contribute to economic freedom?
A.Government regulation of production processes. B. Government enforced property rights. C. Government enforced legal rights. D. Government established political rights.
Economics