The cross-price elasticity of demand for peanut butter with respect to the price of jelly is -0.3. If we expect the price of jelly to decline by 15%, what is the expected change in the quantity demanded for peanut butter?

When the central bank ________ the money supply, the LM curve shifts to the right, interest rates ________, and equilibrium aggregate output ________, everything else held constant

A) increases; fall; increases B) increases; rise; decreases C) decreases; rise; decreases D) decreases; fall; increases

COLA clauses are usually based on the

a. CPI. b. PPI. c. implicit price deflators. d. level of unemployment.