A financial asset is considered ________ if it can be sold in a secondary market

When the price of good X rises, the demand for good Y rises. Explain what this relationship implies about the two goods

What will be an ideal response?

Classical macroeconomists argue that the short-run Phillips curve ________ represent a usable trade-off for policymakers because ________

A) does; people have rational expectations B) does; people do not have rational expectations C) does not; people do not have rational expectations D) does not; people have rational expectations