If the demand for a good decreases as income decreases, then the good is a(n):
A. substitute good.
B. inferior good.
C. normal good.
D. complementary good.
Answer: C
Economics
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Which of the following is an example of a worker experiencing cyclical unemployment?
A) an assembly line worker who loses his job because of automation B) a worker who quits his job because he does not get along with his boss C) a worker who changes jobs to move closer her family D) a lifeguard who was hired during the summer season is laid off after summer is over E) a freightliner employee that got laid off because of the recession of 2007-2009
Economics
What is the consumer price index? How is it different from the GDP price index?
What will be an ideal response?
Economics