If the cross elasticity of demand between two goods is negative, are the goods substitutes or complements?
What will be an ideal response?
If the cross elasticity of demand is negative, then the goods are complements.
Economics
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"By definition, all parts of M2 are money." Is the previous statement correct or not? Explain your answer
What will be an ideal response?
Economics
Investment is ________ related to the interest rate, and NCO is ________ related to the interest rate.
A. positively; negatively B. negatively; positively C. positively; positively D. negatively; negatively
Economics